Go Finance Reporting in SINGAPORE - Commodities gold still continue strengthening trend since a few days ago. In trading today, gold perched on USD1.529, 75 per ounce or edged up $ 2, 45 of which are trading Wednesday on the level of USD1.523, 10.
Quoted by Reuters on Thursday (05/26/2011), the gold price increase is still overshadowed by negative sentiment in the market will concern the financial problems that plagued the European region.
Yesterday, the Government of Greece has been met with a European officials to discuss the budget savings. This is the only good news that might be able to give either a change in European financial condition.
For information, the price of gold in its own currency pegged to the euro at 1088 price levels euros per ounce, not much different from trading Wednesday.
While silver prices are still recorded stable at USD37, 84 per ounce. Silver had previously been traded on the level of USD37, 97 per ounce but remained below its highest price in April last that never reached the USD49, 51 per ounce. (GoFinance)
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