NEW YORK (TheStreet ) -- Gold prices hit a new record high Friday as investors fled into gold as a safe-haven asset.
Gold for August delivery was popping $12.70 to $1,261.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,262 and as low as $1,243.10. The U.S. dollar index was slipping 0.07% to $85.62 while the euro rose slightly to $1.238 versus the dollar. The spot gold price Friday was adding more than $14, according to Kitco's gold index.
Gold prices were conquering new highs after settling at a record high Thursday of $1,248 an ounce. Fridays in the summer typically lead to more volatility in gold as volume thins and traders have been opting for cash and gold over other assets to protect themselves against a weekend where anything can happen. Friday could be especially volatile with quadruple witching forcing traders to repurchase or sell their options contracts before they expire.
Gold for August delivery was popping $12.70 to $1,261.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,262 and as low as $1,243.10. The U.S. dollar index was slipping 0.07% to $85.62 while the euro rose slightly to $1.238 versus the dollar. The spot gold price Friday was adding more than $14, according to Kitco's gold index.
Gold prices were conquering new highs after settling at a record high Thursday of $1,248 an ounce. Fridays in the summer typically lead to more volatility in gold as volume thins and traders have been opting for cash and gold over other assets to protect themselves against a weekend where anything can happen. Friday could be especially volatile with quadruple witching forcing traders to repurchase or sell their options contracts before they expire.
NEW YORK (TheStreet ) -- Gold prices hit a new record high Friday as investors fled into gold as a safe-haven asset.
Gold for August delivery was popping $12.70 to $1,261.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,262 and as low as $1,243.10. The U.S. dollar index was slipping 0.07% to $85.62 while the euro rose slightly to $1.238 versus the dollar. The spot gold price Friday was adding more than $14, according to Kitco's gold index.
Gold prices were conquering new highs after settling at a record high Thursday of $1,248 an ounce. Fridays in the summer typically lead to more volatility in gold as volume thins and traders have been opting for cash and gold over other assets to protect themselves against a weekend where anything can happen. Friday could be especially volatile with quadruple witching forcing traders to repurchase or sell their options contracts before they expire.
Gold for August delivery was popping $12.70 to $1,261.40 an ounce at the Comex division of the New York Mercantile Exchange. The gold price has traded as high as $1,262 and as low as $1,243.10. The U.S. dollar index was slipping 0.07% to $85.62 while the euro rose slightly to $1.238 versus the dollar. The spot gold price Friday was adding more than $14, according to Kitco's gold index.
Gold prices were conquering new highs after settling at a record high Thursday of $1,248 an ounce. Fridays in the summer typically lead to more volatility in gold as volume thins and traders have been opting for cash and gold over other assets to protect themselves against a weekend where anything can happen. Friday could be especially volatile with quadruple witching forcing traders to repurchase or sell their options contracts before they expire.
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