AFX: NY Gold Extends Dlr-Related Gains On Chart Buys
NY Gold Extends Dlr-Related Gains On Chart Buys
1648 GMT [Dow Jones] - Gold futures have extended their gains on chart-based buying after a sharply lower dollar pushed the metal up through buy stops, a broker says. "The dollar did come off pretty hard this morning," says Pat Donnelly, senior broker with Peak Trading Group. That boosted commodities, including gold, which has since seen additional buying after moving through the $800 area, he says. That builds off last week's push through the $750 area. Comex Dec gold is up $37.40, or more than 4.7%, at $829.20 an ounce.(MWH)
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