Go Finance Reporting in SINGAPORE - Gold prices rose amid thin expectations that the U.S. central bank will raise its benchmark interest rate.
As reported by Reuters (04/04/2011), price of gold rose slightly by 0.2 percent to $ 1430.39 per ounce. Oil prices are also expected to further rise. While the gold price in U.S. futures markets also rose 0.2 percent to USD1.431, 70.
For silver, the price was increased to $ 38, 03, an increase of 0.7 percent from the previous close.
Previously, the U.S. employment data on more and give a sense of optimism for world economic recovery, the positive sentiment deaden gold as the safest investment during economic uncertainty.
As a result, gold speculators in the futures market also raise the price of gold this week. (GoFinance)
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