Capital Gold Group Report: Gold Rises Again as Bank Stress Test Results Anticipated - Spot Gold Up $13
By Kate Gibson, MarketWatch
NEW
YORK (MarketWatch) - Gold futures on Wednesday climbed higher,
furthering the prior day's strong gains, on hopes that Thursday's bank
stress test results would boost the precious metal's appeal.
In morning trade, gold for June delivery climbed $4.90 to $909.20 an
ounce on the New York Stock Exchange, after rising as high as $912.80
earlier on.
Gold and Copper gained after the ADP employment index showed
private-sector employment fell by 491,000 jobs in April, less than some
analysts had expected.
Copper for July delivery gained $2.16, or 3.6%, to $2.16 a pound on the Comex division of the NYME.
The ADP index comes two days before the government releases its estimate of April nonfarm payrolls.
Viewed as a safe haven amid any trouble in the financial markets, gold
on Tuesday rallied above $915.00 an ounce, the contract's highest level
in a week, before sliding as the dollar switched direction and rose
against the euro. . .
Capital Gold Group, gold group, gold, gold prices, gold news, gold coins, gold bullion, gold IRA, IRA gold
