Home
Rising price of gold in front of a marked reduction of the value of the dollar
Ali Salman - 05/24/2013 - 10:04 pm
Gold prices rose sharply on Thursday as investors buy the precious metal as a safe haven after the damage to the dollar and the stock markets from a range of weak data for industrial production predicted global economic growth recession.
By the time of 1913 GMT, gold rose 1.66 percent to $ 1391.30 an ounce, while gold prices rose in the U.S. futures June delivery settled at $ 24.40, or 1.78 per cent, to $ 1391.80 an ounce.
The dollar fell against a basket of currencies, mainly due to the yen's rise to its highest level in two weeks, while European stocks fell amid fears of a halt quantitative easing in the U.S. and weak economic data from China.
[You must be registered and logged in to see this link.]
Ali Salman - 05/24/2013 - 10:04 pm
Gold prices rose sharply on Thursday as investors buy the precious metal as a safe haven after the damage to the dollar and the stock markets from a range of weak data for industrial production predicted global economic growth recession.
By the time of 1913 GMT, gold rose 1.66 percent to $ 1391.30 an ounce, while gold prices rose in the U.S. futures June delivery settled at $ 24.40, or 1.78 per cent, to $ 1391.80 an ounce.
The dollar fell against a basket of currencies, mainly due to the yen's rise to its highest level in two weeks, while European stocks fell amid fears of a halt quantitative easing in the U.S. and weak economic data from China.
[You must be registered and logged in to see this link.]
