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.
