Go Finance Reporting in SINGAPORE - The price of gold moves stable Middle East conflict amid a warming in particular Libya and Japan's efforts to control nuclear radiation.
As quoted by Reuters on Tuesday (03/22/2011), stable gold price is a result of the weakening United States dollar (U.S.) and oil prices due to sentiment that comes from the Middle East and Japan earlier.
The price of gold in the spot market is only moving a thin 0.2 percent to USD1.428, 70 per ounce. While in the futures market, safe-haven commodity prices only rose 0.2 percent to USD1.428, 40 per ounce.
In the early days, the euro has increased against the dollar, so even with the yen also rose against the dollar.
While the stock market in the United States (U.S.) moves rallying on the issue of acquisitions in the telecommunications sector and signs of Japan's nuclear crisis began to be stabilized. Finally, the Dow Jones closed above 12,000 for the first time since the nuclear issue in Japan's huge earthquake and tsunami rolling.
In late trading on Monday (03/21/2011) local time, the Dow Jones rose 178.01 points, or 1.5 percent, to 12036.53. The index has climbed to 3.6 percent over the last three days, this is the biggest leap in a narrow range of time since September last year.
S & P 500 index rose 19.18 points, or 1.5 percent, to 1298.38. And the Nasdaq rose 48.42 points, or 1.8 percent, to 2692.09.
(GoFinance)
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