Go Finance Reporting in SINGAPORE - The price of gold at today's trade to move down to the level of USD1.452, 25 per ounce. The decrease amounted to USD1, 65 per ounce compared to yesterday which was recorded at USD1.456, 85 per ounce.
Reported by Reuters on Wednesday (04/06/2011), waning gold price than trading a few days ago because of inflation. The high inflation of raw goods and the corn is said to highest of all time.
Samuel Securities analyst, Lana Soelistianingsih predict that the increase in Brent crude oil prices that reached the level of USD108, 34 per barrel also would raise the price of gold at today's trading.
Meanwhile, silver prices inched downward in the $ 39 level, 12 per ounce, down 11 cents from the previous trade. This price becomes the lowest price since 1980.
The gold futures for June delivery was recorded on an increase of $ 1, 5 per ounce and perched on the position of USD1.454 per ounce. (GoFinance)
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