Reply #50: Gold futures near $450, end at another multi-year high [View All]

[UpInArms]

http://cbs.marketwatch.com/news/newsfinder/marketPulse.asp?doctype=-1&siteid=mktw&mp=1

SAN FRANCISCO (CBS.MW) -- December gold rose $1.40 to close at $449.30 an ounce in New York, marking another fresh June 1988 settlement high. "We do believe that gold will continue to strengthen over the coming days and weeks, reaching higher levels," said Frederic Panizzutti, an analyst at MKS Finance in Geneva. "The key short-term and prevailing factor will continue to be the U.S. dollar value," he said. Regular metals futures trading in New York will resume Monday, following the Thanksgiving holiday.