Video: How to Trade $1,900 GoldNEW YORK ( TheStreet ) -- Gold prices were closing in on $1,900 an ounce Monday on rampant safe-haven buying and as Japan threatened to intervene in the currency market. The rally has defied calls from traders, strategists and experts who are still expecting upwards of a 20% correction. Gold for December delivery settled $39.70 higher at $1,891.90 an ounce at the Comex division of the New York Mercantile Exchange, although trading well off earlier highs. The gold price has traded as high as $1,899.40 and as low as $1,858 while the spot gold price was adding $42.50, according to Kitco's gold index. Silver prices settled up 39 cents at $43.32 just shy of its early morning high of $44 an ounce. The U.S. dollar index was down 0.14% at $73.90 while the euro was flat vs. the dollar.
Alix Steel in New York. >To contact the writer of this article, click here: Alix Steel.