Spot gold price this morning of U.S. $ 1153.16 per ounce
Gold Investing September 2nd, 2009
JAKARTA (Bloomberg): The price of gold in the spot market this morning was recorded at the position of U.S. $ 1153.16 per ounce, or weakened thin compared to yesterday’s position in the level of U.S. $ 1153.57 per ounce.
Gold, which traded little changed in Asia, reached the highest position in more than a month when the U.S. dollar weakened thereby increasing the demand for precious metals.
U.S. dollar exchange rate fell to the lowest position in three weeks against the euro yesterday and due to speculation that the Federal Reserve will keep interest rates low in order to accelerate economic recovery.
“Gold really reliable when investors look at the development dollars,” Peter Tse, head of precious metals Bank of Nova Scotia in Hong Kong, said today.
Gold for immediate delivery rose 0.2% to $ 1153.90 per ounce at 9:45 pm in Singapore, after earlier falling about 0.3%. Gold prices touched the highest point on the position of U.S. $ 1226.56 on December 3, 2009. The price of gold for February delivery in New York rose 0.2% to $ 1154.10.
Among the precious metals other, platinum rose 0.6% to $ 1600.13 an ounce, its highest level since August 2008, and last traded at $ 1598 position. Silver also rose 0.4% to $ 18.6275 per ounce, and palladium fell 0.1% to $ 433.75 an ounce.
Imf Sell 2 Ton Gold
Gold Investing July 1st, 2009
International Monetary Fund (IMF), announced Monday it had sold two tons of gold to the central bank of Mauritius worth nearly 72 million dollars. Sales made of gold prices soared, local time Monday, to reach the highest level of all time at 1,136.72 U.S. dollars per ounce.
Sales to Mauritius “on the basis of prevailing market price on November 11, 2009 with the value equivalent to 71.7 billion dollars,” the IMF said in a statement. This second sale by the IMF since September when the executive board to authorize the sale of 403.3 tons of gold to improve the financial conditions amid the global economic crisis.
On 2 November, the IMF sell 200 tonnes of gold into India’s central bank worth 6.7 billion dollars. The IMF said it would sell gold directly to the central banks and other official holders for an initial period prior to selling a certain amount to the open market “gradually.” The IMF is based in Washington that currently control more than 3,000 tons of gold, the official holders of precious metals in the world’s third largest after the United States and Germany.
