Go Finance Reporting in JAKARTA - The price of gold back down to three consecutive trading periods. This time, gold price of parking at the level of USD1.534 per ounce.
As quoted by Reuters on Wednesday (05/04/2010), the gold price this morning down 0.4 percent USD1.534, 75 per ounce. While the price of gold in the gold futures market inched down 0.3 percent to USD1.535, 50.
Not only gold, silver prices also fell on the COMEX, even up to five per cent to USD40, 47 per ounce. This is the lowest level in almost three weeks. Earlier this silver prices also fell by three percent to as low as USD41, 28. While the price of silver in the spot market fell one percent to USD41, 25.
Some sentiment apparently managed to reduce the rate of strengthening commodity prices of these metals. One is the demand for data on U.S. factory production rose in March indicated a healthy manufacturing sector.
U.S. dollars are also back in the end its lowest level in three years on a number of other currencies. This is because market players seem to prefer to hold euros due to rising interest rate expectations in Europe. (GoFinance)
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