Tuesday, February 1, 2011

::Stronger Gold Price USD1.334/Ounce>>

Go Finance Reporting Singapore - Gold prices bounce back amid a warming condition of Egypt, the United States manufacturing data (USA), which strengthened as well as worries that began to fade in the eurozone.

As reported by Reuters on Tuesday (02/01/2011), in the spot market price of gold rose $ 2, 15 to USD1.334, 05 per ounce. After earlier falling to 1,322.90 on Monday.

Meanwhile, gold prices in the U.S. futures market for April rose $ 1, 5 to USD1, 336 per ounce, having earlier dropped $ 7 due to data showing factory activity in the Midwest United States reached a record high of more than 22 years. Meanwhile, another report showed consumer spending, which ended in 2010 on a strong foundation.

The amount of money circulating in the metal exchange, declined to break the record in January, due to economic data encouraged investors to sell gold and silver in support of other assets.

While the euro strengthened against the dollar again on Monday, after euro zone inflation data supported zoa economic interest indicates the euro could rise faster than in the United States.

While the Nikkei rose on Tuesday on hopes of strong earnings and oil prices helped shares of resource-based sectors. (GoFinance)

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