Thursday, March 02, 2006

Gold Futures Are Up In This Morning's Trading, March 2

SAN FRANCISCO (AFX) -- Gold futures edged higher Thursday on the heels of a two-session climb, with the April contract up $1.10 at $566.90 an ounce. The contract touched a three-week high of $569 on Wednesday. "There's little reason to be overly concerned about any major retracement, but there's also little evidence that the market will break out to new highs anytime soon either," said Dale Doelling, chief market technician at Trends In Commodities. "Traders' patience will likely be tested over the next several weeks and one side will finally cry 'uncle'," he said
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