Price of Gold

New York gold market, closed down last night (6th Feb) The U.S. dollar appreciated against major currencies. Because of the protracted negotiations on the restructuring of Greece flock to investors holding dollar assets, a safe place.

Gold futures on the COMEX (Commodity Exchange) for April. It. Was down 4.15 dollars or 0.9% to close at 1,724.9 dollars / barrel. After moving in a range from 1727.0 to 1724.9 dollars.

Silver for March delivery contract. C. Rose 0.1 cents to 33.750 dollars / ounce. Copper for March delivery contracts. C. Fell 3.7 cents to 3.8645 dollars / pound.

Of the platinum delivery month. It. Fell 2.10 dollars to close at 1,629.80 dollars / oz, and the pulse Palladium for March delivery. C. Down $ 2.90 to close at 705.95 dollars / oz.

Xinhua news agency reported. Gold futures fell as the stock market and oil market after Greece said that the Prime Minister. Negotiations on the fiscal reform measures to economize and Mr. Lucas Papa Demosthenes, who heads the coalition government of Prime Minister of Greece. Will be postponed to Tuesday Originally scheduled to meet Monday at noon local time. The news caused such anxiety that Greece could face a default.

Mike Lee, an expert in gold from PFG best in Chicago, said: “Gold futures are under pressure from the dollar appreciated against the euro. After rumors that the Prime Minister of Greece, Demosthenes Papa to resign. And concerns that Greece might default on debt payments due in March.

The U.S. dollar strengthened after the U.S. announced a number of employment outside the agricultural sector monthly service. C. Increased, reaching a maximum during the nine months to 243,000 positions, and the unemployment rate declined as the fifth to the lowest level in the past. Almost three years to 8.3% from 8.5% the month Dec.

Gold futures in New York market closed last night (18 January) as investors buy gold in order to avoid inflation. The U.S. official said. The Producer Price Index (PPI), one of the basic indicators of inflation is important. Rise in December. In addition, the depreciation of the dollar is another factor that encourages investors to buy gold with the contract.

Gold futures market, COMEX (Commodity Exchange) delivery month. May rose 4.3% to close at 1659.9, or 0.3 billion dollars / ounce. After moving in the range from 1659.9 to 1647.0 dollars.

Silver for December delivery contracts have value. Rose 40.8 cents to 30.543 dollars / ounce. And copper for December delivery contracts have value. Added 2.3 cents to 3.7525 dollars / pound.

Under the Platinum for April delivery.’s. Fall into the $ 3.4 to close at 1525.3 dollars / ounce. The contract for January delivery palladium have to. Add up to close at $ 13 to $ 668.50 / oz.

Xinhua news agency reported. Gold futures for investors to avoid the risk of inflation. The U.S. Department of Labor reported that the PPI index, which excludes food and energy prices rose 0.3% more than most analysts expected to rise only 0.1%.

In addition, gold has driven the U.S. dollar weakening against other major currencies. After the U.S. announced that the index PPI general decline, down 0.1% in December. C. Garden of the analyst is expected to increase by 0.1%, the decline of the index PPI may be supported by the U.S. Federal Reserve. (FED), a new round of economic stimulus measures.

However, the gold can not keep my strength throughout the day. And a retraction of the highest levels of the day. Because some traders took profits after selling Gold futures soared 1.5% on Tuesday. By price of gold news.