Go Finance Reporting in SINGAPORE - The price of gold moves while thin silver prices began to move up. Where previously the gold price has increased due to the weakening United States dollar (U.S.).
As quoted by Reuters on Thursday (05/19/2011) the price of gold in the spot market is stable USD1.496 per ounce, little changed from the previous USD1.496, 60.
Meanwhile, silver prices in the spot market rose 1.6 percent to USD35, 58 after an increase of three percent in the previous session.
Commodity prices may face further correction in the short term after the recent decline, but it is projected to lead to growth in demand.
Commodities will experience the largest increase over the past two months, in which it is caused by a spike in oil prices and commodity grains. (GoFinance)
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