Aurora Acquisition Corp (AURC)

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(Kitco News) - Comex gold futures at midday Tuesday hit the major psychological level of $1,500.00 an ounce, after flirting with that key price for much of the morning. Tuesday's new all-time record high in June gold futures now stands at $1,500.50 an ounce. Meantime, silver futures notched a fresh 31-year high near $44.00 an ounce Tuesday. A weaker U.S. dollar index and firmer crude oil prices helped to support the higher precious metals prices Tuesday. June Comex gold last traded up $4.30 an ounce at $1,497.20. Spot gold last traded up $1.00 at $1,497.50.

The fact that gold hit the much-anticipated $1,500.00 mark will now garner even more general media attention, which in turn will likely draw even more general investor demand to the precious yellow metal. With the $1,500.00 mark now being hit for gold futures, traders and investors are now eyeing the next major upside technical price objective, which is $1,600.00 an ounce.

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