Go Finance Reporting in SINGAPORE - After experiencing price declines, gold has started to move strengthened. Nevertheless, the threat is still there because of the weakening price of Goldman Sachs estimates that commodity prices will fall.
As quoted by Reuters on Wednesday (04/13/2011), the gold price is in the position of USD1.454, 39 per ounce, up 44 cents from yesterday. Previously, these commodity prices had fallen to USD1.443, 49 per ounce on Tuesday.
However, gold also briefly hit a record high of about USD1.476 per ounce on Monday as prospects of further decline in U.S. dollar. While the price of gold futures for June rose $ 2 own, 4 to the position of USD1.456 per ounce.
The price of silver itself has increased by 11 cents to USD40, 15 per ounce compared to the previous position. (GoFinance)
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