Go Finance Reporting in LONDON - Gold prices again hit record highs for the fifth session on Thursday local time. And silver prices go to the strongest level since 1980 as the impact of the decline in United States dollars (U.S.) to the lowest level.
The spot price of gold priced at USD1.502, 10 per ounce compared to the previous day of USD1.498, 15 in New York. Previously, gold prices had reached a peak at USD1.508, 75 per ounce. Meanwhile, gold prices in the U.S. for June delivery rose $ 3, 90 per ounce to USD1.502, 80.
"We have seen the U.S. dollar weakened across the board quite a lot of trading this morning, even against the yen," said Credit Suisse analyst Tom Kendall, quoted by Reuters on Friday (04/22/2011).
Gold prices have risen 5.4 percent during this month and are in a straight line after a week scored a profit. This reflects a new strength in the commodities market.
In addition, the Reuters-Jeffries CRB index, a global benchmark for commodity prices, record its biggest-ever one-day rise in two weeks on Wednesday. (GoFinance)
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