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Gold Futures Up After Record Black Friday Sales

By Leia Toovey- Exclusive to Gold Investing News

Gold futures rallied Monday, tracking the global equity markets, as record Black Friday sales and evidence that European leaders would come up with a plan to curb the Eurozone’s debt crisis boosted investor sentiment.

Adding an extra push to gold was a declining dollar index. The index, which compares the performance of the greenback to a basket of other major currencies dropped to 78.957 from 79.688 on Friday, making the dollar-backed metal cheaper to buy in other currencies. Lately, gold has been falling as the Eurozone crisis has deepened, and the US dollar, in turn has been acting as somewhat of a “safe haven.”…

Gold Futures Up After Record Black Friday Sales

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