Gold up to $ 1,200 per ounce after the issuance of disparate US data

Traded gold prices to settle near the price of $ 1,200 per ounce during Tdullac Tuesday, while investors reacted to a series of US data divergent. On the Comex division of the New York Mercantile Exchange, gold June delivery rose 9.20 cents, or the equivalent of 0.78%, to trade at $ 1,196.00 per ounce during morning trading after the highest price record of $ 1,199.00 per ounce. The previous day, gold rose 12.30 cents, or the equivalent of 1.05%, to close at $ 1,186.80 per ounce of gold is likely to find support at $ 1,168.40 per ounce, its lowest price since May 1 andRead More →

Gold on track for $1,300 following removal of cap on Swiss franc

Gold It is likely to break the US $ 1,300 investors rush to hedge risks and buy safe-haven assets in the wake of the Swiss currency disorders. “I got people to get rid of dollars, and bought gold after the Swiss franc move and drop the euro,” said Mohammed Shakarchi, owner of Gold Emirates Dubai-based refinery. “Everyone has been affected by what was done by Switzerland.” Since the SNB’s surprise move on Thursday to abandon the roof of the franc against the euro and gold it has advanced more than 4.5 per cent. Spot gold closed transactions in the $ 1,275.50 on Friday on theRead More →