Gold hits intraday record at $1,500 an ounce

Gold futures hit the psychological market $1,500 during intraday trading. This will mean gold is hitting a new milestone while trading at its highest levels ever.

April 19, 2011, 12:21 p.m. EDT
By Claudia Assis
MARKET WATCH

SAN FRANCISCO (MarketWatch) -- Gold futures hit the psychological mark of $1,500 an ounce on Tuesday, shaking off early weakness as the dollar sunk further. Gold for June delivery GCM11 +0.30% wavered between small gains and losses earlier, but recently added $6.40, or 0.5%, to trade at $1,499.30 an ounce on the Comex division of the New York Mercantile Exchange. It earlier traded as high as $1,500, according to CME, an intraday record for the metal.

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