Gold Futures moved up on Monday Despite Euro Zone Crisis
Gold futures contract gained on Monday despite rising worries over Greece’s debt. However, stronger greenback supported the base metals. Gold futures contract for August delivery gained 0.2 percent or $2.90 to $1,542 per ounce on Comex trading of New York Mercantile Exchange.
Silver futures contract for July delivery also followed the gold’s pattern and surged 0.9 percent or $0.32 to $36.07 per ounce.
Copper futures contract for July delivery declined 0.7 percent or $0.03 to $4.07 per pound. Analysts are expecting the respective contract to gain by 11 percent in the current week.
Platinum futures contract for July delivery slipped 1.2 percent or $21.60 to $1,730.50 per ounce while its sister metal palladium for September delivery gained 0.4 percent or $2.80 to $748.20 per ounce.
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