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Erland Djumena
NEW YORK, KOMPAS.com - Yesterday evening, the contractprice of gold rose to its highest level in three weeks.
Gold pricesurge came after the U.S. dollar weakened so that boosteddemand for gold as an investment alternative."Investors saw a decline in the currency markets. That's why theywant to buy gold," said Adam Klopfenstein, senior marketstrategist at Lind-Waldock, in Chicago.
At 13:41 pm New York time, the contract price of gold for Junedelivery on the Comex in New York rose 7.90 dollars or 0.5 centthat was in the position of 1523.30 U.S. dollars per troy ounce. This is the highest closing level for the most actively traded contractsince May 3.
In the past year, the price of gold has increased by 28 percent.Gold prices touched record highs in the position of 1557.40 U.S.dollars per troy ounce on May 2.
"Investors see gold as the safest alternative investment than the dollar. We're still bullish on gold prices," said Jeff Sherman, an analyst DoubleLine Capital LP, in New York. (Barratut Taqiyyah /Cash
)source: kompas.com
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In the past year, the price of gold has increased by 28 percent.Gold prices touched record highs in the position of 1557.40 U.S.dollars per troy ounce on May 2.
"Investors see gold as the safest alternative investment than the dollar. We're still bullish on gold prices," said Jeff Sherman, an analyst DoubleLine Capital LP, in New York. (Barratut Taqiyyah /Cash
)source: kompas.com
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