Gold futures have pushed to moderately higher levels in late-morning trading Tuesday. More follow-through short covering in the futures market and bargain hunting in the cash market, following the big gains scored Monday, are featured today. The gold market got a boost when the U.S. dollar index extended its early losses to trade solidly lower on the day. There continues to be some safe-haven buying interest in the gold market amid the ongoing debt negotiations between Greece and the European Union/International Monetary Fund–which are not going well. June gold was last up $6.60 an ounce at $1,209.90.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.