Gold Climbs Over $960
May 23- Gold reached a two-month high this Friday, climbing over $960 an ounce for the first time since March as the falling U.S. dollar leads to the purchase of gold as a currency hedge. Spot gold reached a high of $961.30 an ounce, the highest price since March 20, 2009.
Gold futures in the U.S.for June delivery settled at $7.70 at $958.90 an ounce on the COMEX division of the New York Mercantile Exchange, while experts expect that bullion is poised to make further upcoming gains.
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Gold Rises To 2-Month High
May 21- Gold bounded to it's highest price since March as global equity slumps broadened the appeal of precious metals as an investment alternative. As equity markets slow and inflation fears on the rise gold prices are expected to trend upward. Gold futures for delivery in June gained $13.80 to $951.20 per oz. on the Comex division of the NY Mercantile Exchange. Gold continues it's positive trend, up 7.6 percent this year.
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