Go Finance Reporting in SINGAPORE - Gold prices rose for the fourth time moving along the strengthening of oil prices due to fears of debt crisis in Greece.
As quoted by Reuters on Wednesday (05/11/2011), price of gold in the spot market rose 0.2 percent to USD1.517, 94 per ounce. In the three previous trading sessions, the price of gold is always strong. Meanwhile, gold prices in the futures market moved slightly to USD1.518, 30.
Silver in the spot market price rose 0.9 percent to $ 38, 78 per ounce. This is an increase for the fourth time. While on the COMEX, silver prices rose 0.8 percent to $ 38, 77.
Greece earlier denied reports that mention it examines a loan of 60 billion euros for bailouts from international lenders with high interest rates. That's because the emergence of Greek concerns have to do without the help of EU restructuring.
Crude oil prices in the futures market rose to around USD104 per barrel after rising $ 1, 33 in the previous session. A stronger oil price is supported by fears of floods could hit the Gulf Coast refineries, the U.S. and concerns over China's oil demand. (GoFinance)
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