Gold Steadily Rising,Trading $1,465/Oz

on April 29 2013 8:37 AM

Comex gold futures are still steadily rising as they were up again today to $1,465.40 an ounce. This is coming off the heels of a two-year low in which gold reached less than $1,400 an ounce sparking debate on whether or not the gold market is as strong as originally thought.

Mining stocks and ETFS are all trading decently today with the exception of Harmony Gold Mining Co. Ltd. The third largest gold mining company in South Africa was down 6.31% to $4.90. Physical gold also seems to be doing well as Physical Asian Gold is up nearly 4% with Physical Swiss Gold up 2.35%.

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