Go Finance Reporting in SINGAPORE - The price of gold was observed stable after ratings agency Standard & Poors warned of uncertainty over the rescue efforts that will be Greek to French bank debt rollover, and this could potentially lead to default.
However, it is actually a positive sentiment for gold movements did not succeed hoist up the price of this safe-haven commodities.
As quoted by Reuters on Tuesday (07/05/2011), price of gold in the spot market rose 0.09 percent to USD1.496, 84 per ounce. U.S. gold GCcv1 rose one percent to USD1.497, 60.
On the other hand, the euro almost scored its highest level against the dollar this month. Condition of Greece raises hopes the European Central Bank will raise interest rates on Thursday next.
The dollar index rose slightly on Tuesday, but there are still between lowest in the past month. Crude oil price of U.S. futures edged up on Tuesday to stay above USD95 per barrel ahead of U.S. data demand that the size of the plant world economic power and oil consumption. (GoFinance)
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