Go Finance Reporting in SINGAPORE - The price of gold reached its highest price since last two week of the position of USD1.517, 29 per ounce. This precious metal prices skyrocketing because of fears over the crisis that hit Europe.
As quoted by Reuters on Tuesday (05/24/2011), gold was in the number USD1.517, 29 per ounce or rose $ 1, 24. In the previous trading period, gold was even perched on USD1.517, 74 per ounce, gold is the highest price since 11 May.
Gold price increase was driven by negative market sentiment for the dollar value of the United States (U.S.) has weakened against the euro. The value of gold in euro currency also hit a record high at 1081.43 euros per ounce.
Although gold prices again soared, the price of silver remains stagnant at the level of price USD35, 04 per ounce, the price is still below its highest price since April, which soared to USD 49.51 per ounce. (GoFinance)
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