February 2012

Gold prices rose Tuesday for the first time in three sessions as weakness in the dollar prompted buying. On the Comex division of the New York Mercantile Exchange, April gold prices gained $13.50, or 0.8%, to $1,788.40 an ounce for a 3.5- month high. The metal traded at a peak of $1,792.70 an ounce.

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Gold prices ended higher Thursday for a third consecutive session as U.S. dollar weakness and stronger oil prices were supportive, say analysts.

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Gold prices rallied Wednesday after spending much of the day down. In the end, the metal gained $12.80, or 0.7%, to $1,771.30 an ounce on the Comex division of the New York Mercantile Exchange. The closing was the highest for gold since mid-November. Gold prices traded between $1,750.70 an ounce and $1,776.30 an ounce.

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Gold prices edged higher Thursday as the US dollar showed weakness late in the trading day. Until then, gold was pressured and in the red. Gold prices gained 30 cents to $1,728.40 an ounce on the Comex division of the New York Mercantile Exchange, trading from $1,706.70 an ounce to $1,731.10 an ounce.

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Gold prices rose Wednesday to snap a three-day losing streak. One factor proffered for gains in gold was China’s central bank saying it would continue to buy euro area debt.

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Gold prices declined for a third straight session Tuesday, pressured by a higher greenback. Gold prices lost $7.20, or 0.4%, to $1,717.70 an ounce on the Comex division of the New York Mercantile Exchange, ranging from $1,713.80 an ounce to $1,729.90 an ounce.

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