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6/21/11

Gold Prices Back Up?

MUMBAI, Make Money Blog$- Contract increasingly rising world gold prices higher. Anxiety will fail to pay debts Greek charm gold as a safe haven increasingly shine.


At 12:09 pm Mumbai time, the contract price of gold for Augustdelivery in New York rose 0.2 percent to 1545 U.S. dollars per troyounce. Throughout last week, gold prices have gone up 0.7 percent, while the gold price contract for fast delivery also rose 0.2percent to 1544.03 dollars.

"Outlook movements in gold prices remains bullish. We do not see any permanent solution related to the debt crisis in Europe. Itsupport the gold price," said Kunal Shah, Head of Commodity Research Commodities Pvt Nirmal Bank in Mumbai.

Just a reminder, on May 2, gold prices touched record highs in the position of 1577.57 U.S. dollars per troy ounce. Throughout the year, the price of gold has rallied by 8.7 percent
source: kompas.com
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