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Gold futures top $1,410 on Globex

Gold for December delivery /quotes/comstock/21e!f:gcz10 (GCZ10 1,409, +5.70, +0.41%)  climbed to a fresh intraday high of $1,410.10 in electronic trading. The contract later pulled back slightly to $1,404.60, still up $1.40.

Futures prices marked a record closing high of $1,403.20 in New York on Monday. See Monday’s metals story.

But Kerr expects prices to experience a correction before they reach $1,500, so he also suggests “caution and agility” for traders.

“We see even more potential in silver and the rare earths, as they are precious but also industrial metals,” he said. Read more at www.marketwatch.com

 

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