Gold futures resumed their climb Wednesday to touch a fresh high of nearly $1,360 an ounce in electronic trading on Globex, buoyed by weakness in the U.S. dollar. December gold climbed as high as $1,359.90 on Globex in Tokyo’s afternoon trading. It later eased slightly but was still up $11.10 at $1,357.80, surpassing the record intraday high of $1,356.30 reached Monday in New York. On Tuesday, the contract had fallen $7.70 to close at $1,346.70 in New York.
Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio
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Jacob Gaffney is formerly Editor-in-Chief of HousingWire and HousingWire.com. He previously covered securitization for Reuters and Source Media in London before returning to the United States in 2009. While in Europe for nearly a decade, he covered bank loans and the high yield market, in addition to commercial paper, student loan, auto and credit card space(s).see full bio