Go Finance Reporting in SINGAPORE - Projected price of gold will penetrate level of USD1.600 per ounce seem to be realized. Because, at this time only trade in commodity prices soared back up this pledge.
Gold rose on this weekend because of the dollar over other currencies fell to its lowest position since 2009. While the silver re-print the highest level since 1980.
As quoted by Reuters on Friday (04/15/2011), price of gold rose $ 5, 76 per ounce to USD1.478, 66 per ounce, and had touched the level of USD1.479, 01. Meanwhile, gold prices in the futures market soared to its highest level in USD1.480, 5 per ounce.
On the other hand, silver prices rose to a position move USD42, 41 per ounce. This is the highest level for silver since 31 years ago.
Where the exchange rate of U.S. dollar tumbled on other currencies. And on this day, the dollar is projected to still be continued weakening in the presence of economic data from China.
China will announce its economic data, including retail sales data, industrial output data and consumer-inflation data. Economic data are projected market participants will be above expectations. (GoFinance)
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