(Mining.com) On Monday gold continued to bubble under the psychologically important $1,300 an ounce level following a volatile week where the metal briefly reached a nearly two-year high.
In mid-day trade on Monday gold futures in New York for delivery in August, the most active contract, was last exchanging hands for $1,292 an ounce down $2.70 from Friday’s close. On Thursday, the metal hit an intra-day high of $1,318.90 the highest since July 2014 and year to date remains in bull market territory, up 21.9% or more than $230 an ounce.
