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Friday, January 27, 2012 10:50
Gold falls from its highest level in 7 weeks
Singapore / follow-up Baghdadiya News / Gold eased on Friday, its highest level in seven weeks as speculators bought on profit-taking ahead of GDP data the U.S.
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Despite this decline the price of gold tends to fourth-week of gains with improved morale after the Federal Reserve pledged (U.S. central bank) to keep interest rates near zero for a while.
While investors in the gold markets felt relieved after the decision of the Federal Reserve, they will pay attention now to the Greek debt crisis in the light of the continued cautious lending funds from U.S. banks in the euro area.
He expected a poll conducted by Reuters to continue this year and next year a record high gold record in the past decade with the continued easing of monetary policy and the composition of central banks reserves.
And scored 1723 gold per ounce before easing to 1718.70 dollars by 0710 GMT.
The gold rose yesterday to 1729.76 dollar, its highest level since early December, but still much less than the level of 1,920 dollars reached in September.
For the price of silver in the spot market rose 0.09 percent to 33.45 dollars, while platinum fell 0.10 percent to 1602.05 dollars an ounce and palladium fell 0.33 percent to 685.45 dollars / End / agencies
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Gold falls from its highest level in 7 weeks
Singapore / follow-up Baghdadiya News / Gold eased on Friday, its highest level in seven weeks as speculators bought on profit-taking ahead of GDP data the U.S.
.
Despite this decline the price of gold tends to fourth-week of gains with improved morale after the Federal Reserve pledged (U.S. central bank) to keep interest rates near zero for a while.
While investors in the gold markets felt relieved after the decision of the Federal Reserve, they will pay attention now to the Greek debt crisis in the light of the continued cautious lending funds from U.S. banks in the euro area.
He expected a poll conducted by Reuters to continue this year and next year a record high gold record in the past decade with the continued easing of monetary policy and the composition of central banks reserves.
And scored 1723 gold per ounce before easing to 1718.70 dollars by 0710 GMT.
The gold rose yesterday to 1729.76 dollar, its highest level since early December, but still much less than the level of 1,920 dollars reached in September.
For the price of silver in the spot market rose 0.09 percent to 33.45 dollars, while platinum fell 0.10 percent to 1602.05 dollars an ounce and palladium fell 0.33 percent to 685.45 dollars / End / agencies
[You must be registered and logged in to see this link.]
