Go Finance Reporting Singapore - Gold prices fell back on their feet. But the plunging value of U.S. dollar (U.S.) can make it through the direction of commodity prices rose due to the Fed Governor Ben Bernanke said he has no plans to purchase bonds on a large scale.
As reported by Reuters on the spot market price of gold fell $ 1, 05 per ounce to USD1.361, 84 per ounce. The farther from its highest level achieved last December at USD1.430 per ounce. While in the futures market, gold prices for April fell $ 2, 8 per ounce to USD1.362, 8 per ounce.
Value of U.S. dollar declined against the euro because of interest from the treasury to move down after Bernanke said it akana continuing bond purchase program.
While the Japanese index, the Nikkei moved lower as profit taking amid market concerns about overheating in the market because of the threat of global inflation. (GoFinance)
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