::Stock Market Down, Gold Prices Rise!>>

Go Finance Reporting - The price of gold in the spot market have increased, although thin after earlier falling to two percent.

It is inversely proportional to the performance of global stock sector weakened. The trigger was the U.S. stock market (U.S.) thin weakened due to lack of technology and materials sectors. This is because the profits from this sector is not as expected.

In fact, gold is now entering a trend apparently due to the weakening United States dollar (U.S.) who always suffered due to the strengthening of the data showed the U.S. economy at the level of growth.

As quoted by Reuters on Friday (01/21/2011), price of gold in the spot market edged up 0.1 percent to USD1.346, 91 per ounce after earlier in the lowest position in the last two months of USD1.342, 65 in session previously. Meanwhile, gold prices in the U.S. futures market was little changed to USD1.346, 7.

While the price of silver in the spot market moves steady at USD27, 53, from the lowest level in two months USD27, 40 in the previous session. Silver is the worst commodity to precious metals, silver fell almost 11 percent throughout the year.

U.S. home sales figures back home in the U.S. jumped more than expected in December and claims for new jobless claims last week experienced their biggest decline in nearly a year, showed two key economy improves.

While the dollar strengthened overnight as a result the data that sparked optimism emerged. As a result, the euro becomes very cheap. Investors are also now wary of the strengthening dollar center. (GoFinance)