Gold futures rose further above the $1,700-an-ounce level in electronic trading Thursday

Gold futures rose further above the $1,700-an-ounce level in electronic trading Thursday, as a weakened U.S. dollar and the Federal Reserve’s projection of low interest rates until 2014 enhanced the precious metal’s allure.

Gold February futures , which rose $35.60 to end just above $1,700 an ounce on the Comex division of New York Mercantile Exchange overnight, added another $12.20, or 0.7%, to $1,712.30 an ounce during Asian trading hours.

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Posted by admin on Jan 26 2012. Filed under Gold price. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry