Go Finance Reporting in NEW YORK - loose monetary policy in the Central Bank of the United States and fears the euro zone debt and political unrest in the Middle East, making the price of gold rose one percent on the day.
As quoted by Reuters on Saturday (04/02/2011), managing partner of LOGIC Advisors Commodity, Bill O'Neill said, if in the second quarter of this gold prices will experience the disorder has not been completed over the Middle East conflict and the debt crisis of the Euro.
As reported by Reuters on Saturday (04/02/2011), for Spot gold prices in the market increased 0.8 percent to USD1.435 per ounce and for gold in the futures market rose 1.1 percent to its USD1.439 per ounce
Volume was lower than usual, because investors have completed their turns contracts into June. Where previously this contract will be executed in April.
As for silver prices also rose 0.7 percent per ounce.
(GoFinance)
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