gold prices today per gram in usa

gold prices today per gram in usa

“It is clear,” said a note from Citigroup analysts earlier, “that investors are not very worried [about a possible US debt default] and do not expect any debt ceiling rupture to last long.”

Gold price in overseas markets, which normally set price trend on the domestic front, gained more than 3 percent today as the dollar stumbled, with bullion boosted by belief that a temporary deal to avoid a historic US debt default might prompt the Federal Reserve to delay reducing its additional monetary stimulus.

Gold prices nevertheless remain “technically broken below 50- and 100-day moving averages,” says chart analysis from Morgan Stanley, now looking for a test of the summer’s low at $1082 “if Washington is able to compromise.”

Spot gold rallied to a high of USD 1,322.56 per ounce early in the US session, up more than 3 percent on the day. December COMEX gold futures hit a high of USD 1,322.90.

Gold investing analysts were left without two key reports Friday, as the US government shutdown delayed both the monthly Non-Farm Payrolls jobs report, and the weekly Commitment of Traders data from the futures and options market.

“[It] feels a lot like we’ve seen this movie before,” McDaniel said, pointing to the 2011 debt ceiling row which saw gold investing hit all-time record-high prices above $1900 per ounce.

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