Two In A Row
October 24, 2007
Gold finished up for the second straight day on Wednesday in U.S. trading. December bullion closed at $765.60 an ounce, up $2.50 on the session. Gold finished the session up $3.10 on Tuesday. The precious metal fell in early trading as the U.S. dollar saw some strength against the other majors. But as the dollar gave back the gains against the euro, gold climbed higher. Bullion often moves opposite the dollar because of the precious metal’s hedge value. Overall, the metal has been trending higher since the middle of August. Bullion has added more than $100 an ounce from its closing levels of August 16, the final day before the current rally began.
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