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U.S. Gold Futures Hit Record High at $930 an Ounce

January 28, 2008 at 21:05 by Mario

Gold futures in New York rose to a record high in electronic trading on Tuesday, on the back of a weaker U.S. dollar and expectations of more interest rate cuts in the United States.

The active gold for February delivery GCG8 on the COMEX division of the New York Mercantile Exchange hit a high of $930 an ounce, surpassing Monday’s record high. The contract settled up $16.40 at $927.10 an ounce on Monday.

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