Go Finance Reporting in NEW YORK - Gold prices soared, nearly reached USD1.570 per ounce in trading on Friday. It is also driven by interest rates and a weaker dollar also weakened.
When trading closed in London at the royal wedding feast, the golden afternoon trading in New York reached USD1, 569.32 per ounce before sliding back to the range of USD1.565.
"Gold took advantage of the weakening U.S. dollar and has been attacked for three days in a row," said an analyst at Commerzbank as quoted by AFP on Saturday (04/30/2011).
"The fact that the gold price rise is largely driven by the United States (U.S.) is reflected in price movements in the euro, where trade has barely changed," he added.
The metal has almost doubled increasing since late 2008 and has risen almost without interruption just below USD300 in 2001.
As for trade silver has reached USD49, 17 per ounce. It's also one in which a record increase of $ 10 in just 30 months. (GoFinance)
No comments:
Post a Comment