COMEX Gold Climbs, U.S. Dollar Plunges
Wednesday, October 20, 2010 2:33 pm EST
Following the worst day since July 1, COMEX gold futures – per the December contract – settled higher by $8.20, or 0.6%, at $1,344.20 per ounce. The rebound in gold futures came as the U.S. Dollar Index (DXY) tumbled 1.3% to 77.18, giving back nearly all of its gains from yesterday.
Silver futures for December delivery recovered as well, rising $0.08, or 0.4%, to $23.86 per ounce.
