<p>After getting beat down in the face of better-than-expected jobless claims data this morning at 8:30 AM ET, <keyword id="18712" type="ENTERTAINMENT" weightage="60" keywordseo="Gold">gold</keyword> has recovered all of its losses and is surging.</p>
<p>The shiny yellow metal just blew through $1360 an ounce to the upside after trading as low as $1317 earlier.</p>
<p>Now, it's settling around $1258, up 1.8% on the day.</p>
<p>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.</p>
<p><div class="image-container click-to-enlarge"><div class="image"><a title_source="Thinkorswim" title_caption="" class="zoomin" href="http://static5.businessinsider.com/image/520d0873ecad043e49000016-960/screen%20shot%202013-08-15%20at%2012.56.14%20pm.png"><span class="click-to-enlarge-icon" title="Click to enlarge"></span><img src="http://static5.businessinsider.com/image/520d0873ecad043e49000016-1051-698/screen%20shot%202013-08-15%20at%2012.56.14%20pm.png?maxX=800" border="0" alt="/gc" width="800" /></a><p class="source">Thinkorswim</p></div></div></p>

stock market

BusinessInsider

Gold Is Surging

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. 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. Thinkorswim

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. The shiny yellow metal just blew through $1360 an ounce to the upside after trading as low as $1317 earlier.

Gold Is Surging

Matthew Boesler

READ MORE ARTICLES ON

Popular Right Now