NEW YORK - Gold prices again perched reached USD1.223, 6 per ounce on Wednesday local time, as the interest of investors bought the precious metal was in the middle of the debt problem that undermined the euro zone.
As quoted from Nymex.com, Wednesday (02/06/2010), this afternoon spot price of gold is offered at a price of USD1.223, 6 per ounce in trading EDT. This is down slightly from USD1.224 on the previous trading day.
Meanwhile, in early session trading yesterday, gold and COMEX gold futures reached their highest level since May 18 balance sheet date, although there are advantages of the dollar against the euro.
"That's clearly done behind the European Central Bank stating that the euro zone banks may have to write off another 195 billion euros of loans. So what you see is investors once again focus on gold as a safe haven asset or exchange hedging , "said Director of Commerce of Metal to Vision Financial Markets David Meger, in Chicago as quoted from Reuters.
It describes the yellow metal support of the concerns that countries issue sovereign debt in the euro zone such as Greece, Spain and Portugal ultimately could damage the broader economy.
1 comments:
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