Go Finance Reporting in SINGAPORE - The price of gold is still at home at the level of USD1.540 per ounce after U.S. economic data (U.S.) Weak investor concerns will trigger economic growth.
As quoted by Reuters on Monday (06/06/2011), price of gold in the spot market turned into USD1.542, 29 per ounce, after strengthening over the last three weeks. Gold in U.S. GCcv1 rose $ 1, 2 to USD1.543, 60.
While the price of silver in the spot market rose 0.7 percent to $ 36, 45, from a low level of USD35, 13 in the previous session. Silver in U.S. SIcv1 also rose 0.7 percent to $ 36, 46.
Unemployment data moving up to 9.1 percent, higher than expected market participants. This sparked concern economic growth may be faltering. And automatically become the gold positive sentiment seen as a safe haven investment during economic uncertainty.
Investors are still focusing on the ongoing debt crisis in Greece, which serves as the international lender said it would disburse some funds to nourish the Greek economy and avoid default. (GoFinance)
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