Daily Gold Update

Source: Marketwatch

San Francisco— Gold futures rose to a fresh record Monday, overcoming a wobbly start to surge roughly 1% and settle above the $1,350-an-ounce mark. Bullion gathered steam as the session drew to a close. Silver settled at a new 30-year high and copper finished at its best since July 2008. Gold for December delivery added $9.10, or 0.7%, to $1,354.40 an ounce on the Comex division of the New York Mercantile Exchange.

That is gold�s 15th record high in a little more than a month, surpassing Wednesday�s $1,347.70-an-ounce close. Gold dipped about 1% Thursday, made up for some of its losses on Friday, but investors had to wait until Monday to see it settle at a new record. �What you are seeing is continued buying interest into gold,� said Adam Klopfenstein, a senior market strategist at Lind-Waldock in Chicago. See full story.