Published: 12:08PM GMT 01 Dec 2009
Gold futures for February delivery advanced to $1,200.50 an ounce on the New York Mercantile Exchange’s Comex division. Ole Hansen, senior manager at Saxo Bank, said: "The fact that we are seeing the dollar weaken is helping to drive gold."
He said investors had been cheered by the strength of gold's recovery after it fell to below $1,140 an ounce last week, with the fall being met with strong fund buying.
Good Way to start Dec and Brians positive comments are music to my ears..
KXL didn't take the beating that it could have although it wasn't going the right way either..it could have been worse...
We'll get on with some year end buying now and the funds are going to want to be stocked up on KXL at these prices to make their bottom line look good when the big resource estimate comes in in the new year.
Have a great day..
Portee
