Gold Prices Rise ?

Make Money Blog $, New York: Gold prices bounce back following the strengthening of stock prices and the spike in world oil prices. The cause is strengthened by the crisis in the Middle East and North Africa and the problem of a damaged nuclear reactor in Japan.

In trading in the spot market on Friday (18 / 3), the price of gold rose by 0.5 percent than yesterday and the 1049.96 U.S. Dollars per ounce. However, the price was still below levels reached last week that 1444 U.S. Dollars per ounce. Meanwhile, gold prices in the futures market for March was recorded rose 6.8 U.S. Dollars per ounce. Now that gold prices are in position 1411 per ounce.

As for stocks in Japan jumped 3 percent after the G-7 countries agreed to stop the Japanese currency intervention. This shows the support of other countries through the crisis for Japan's nuclear impact.

In addition, the decline in equity or higher interest rates encourage speculators to sell gold to cover losses earlier this week.
source: Metrotvnews.com

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