Mon 21 May, 2012, 9:58 AM IST - India Markets close in 6 hrs 2 mins

Gold Jumps To A 2-Week High

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SymbolPriceChange
NEM45.580.32
FCX31.81-0.36

Gold for April delivery was up 1.88 percent today reaching $1,759 per ounce, but below a 52-week high of $1,918.10. Gold futures spiked on news of the Greek bailout deal.

Meanwhile, other metals moved higher as well, with silver up 3.42 percent, platinum up 3.45 percent and copper up 3.53 percent. 

Copper and gold futures are also being buoyed by China's decision to cut its reserve requirement ratio and easing lending conditions.

Here are some top performers:

  • Newmont Mining Corp is up 3.52%
  • Freeport McMoRan Copper & Gold is up 3.02%

Here's a chart of how gold has been trading today:



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