Tuesday, December 21, 2010

::After Rise Sharply, Gold Prices slopes>>

Go Finance report - The price of gold is almost no change after the previous trading session had climbed up to one percent.

As quoted by Reuters on Tuesday (12/21/2010), sentiment affecting commodities prices today is the problem of the debt crisis of the Euro zone on the Korean peninsula after tensions eased.

The price of gold in the spot market fell 35 cents to USD1.384, 55 per ounce after rising to the position of USD1.388, 05 per ounce. The price of gold is still far below the highest level achieved at the beginning of this month at USD1.430.

Meanwhile, gold prices in the U.S. futures market for the period from February 2011 could hardly move at USD1.385, 2 per ounce.

Stable euro exchange rate observed on Tuesday, after nearly 200 days during the last euro is always moving in amid fears of financial crisis, euro zone and in regional banking.

While North Korea to stop the confrontation by stopping military training. South Korea also reportedly issued a new offer on nuclear inspections, and seen him more cautious attitude of Seoul and Washington. (GoFinance)

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