Gold Is Surging
Aug 15, 2013, 22:27 IST
After getting beat down in the face of better-than-expected jobless claims data this morning at 8:30 AM ET, gold has recovered all of its losses and is surging.
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The shiny yellow metal just blew through $1360 an ounce to the upside after trading as low as $1317 earlier.
Now, it's settling around $1258, up 1.8% on the day.
Someone came into the market in just the past few minutes and placed a big trade, as the volume sub-graph in the chart below shows.
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