Courtesy of Benzinga.
Related GLD
The Second Leg Of The Gold Bull Market Has Begun (Seeking Alpha)
August Gold futures are trading higher by $4.60 at $1247.50 per ounce in Monday’s session. It has only briefly traded in the red as $1242.10 stands as the low for the day, which is just below Friday’s close of $1242.90.
Shortly after 6:00 p.m. ET on Sunday night, it briefly reached $1251.30 before immediately falling back into the $1240 handle. That marks the highest level for the contract it reached $1256 on May 24. The last time it closed over $1250 was the previous day when it ended the session at $1254.90.
Direxion Shares Exchange Traded Fund Trust (NYSE: DUST) recently traded at $11.18, up 0.9 percent.
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