Go Finance Reporting in SINGAPORE - Although only a thin, gold prices continued to experience weakness after scoring record highs recently.
As quoted by Reuters on Friday (04/08/2011), price of gold dropped 60 cents to the level of USD1.456, 85 per ounce. The decline was due to gold inflation concerns and expectations the European Central Bank continues to experience financial crises in 2008 and continued to weaken the U.S. dollar.
While the price of gold futures in June alone fell $ 1, 1 to the number USD1.458, 2 per ounce.
The price of gold in yesterday's trading can be told not to move, after an increase in the first session. In fact, silver prices predicted to rise the highest.
The price of silver itself on the trading day yesterday was steady at USD 39.54 per ounce after a crash on level 39, 75 on Wednesday. (GoFinance)
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