Thoughts on Gold, Surges Most in Three Months
By Kristina Zurla Landgraf • Feb 16th, 2010 • Category: Broker Commentary, MF Global in the News, Market UpdatesGold has surged today, up about $29 an ounce in late afternoon trade, the biggest gain in more than three months. Lind-Waldock Senior Market Strategist Richard Ilczyszyn gave his thoughts on gold and the euro on Canada’s BNN tv today. He said in addition to the latest developments out of Greece and a drop in the U.S. dollar, there are other factors supporting gold, such as Chinese new year and technical factors. He said he’s cautious until gold futures close above $1,161 an ounce, an old high from January. View the full clip here.
