Go Finance Reporting in JAKARTA - Gold prices rose again moved in the middle of the United States dollar (U.S.), which is in its lowest position in the last two and a half years. In addition, investors seemed to wait and see the results of the Fed meeting that discusses the monetary policy leeway.
As reported by Reuters on Wednesday (04/27/2011), price of gold in the spot market rose 0.5 percent to USD1.508, 96 per ounce. This gold price was at its highest position at the beginning of the week with parking at the level of USD1.518. Meanwhile, gold prices in the futures market rose 0.4 percent to USD1.510.
On the other hand, silver prices also rose one percent to USD45, 96 per ounce. Previously, the price of this metal had slipped as much as three percent, this is the biggest drop in six weeks.
In futures markets, silver prices rose 2.3 percent to USD46, 08 having previously also dropped to 5.4 percent.
All eyes were on the U.S. central bank meeting, the Fed, led by Ben Bernanke. Hopefully, the central bank will not rush back to support large companies by raising interest rates. (GoFinance)
No comments:
Post a Comment