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Writer-Nurul Qomariyah - detikFinanceYork - Record gold prices almost broke again. Concerns problems in Europe's debt crisis made investors flocked back to gold is regarded as the safest investment.
After several days of flat trading, gold prices jumped sharply again, along with soaring prices of crude oil and other commodities.
In trading Tuesday (12/07/2011), price of gold in the spot market to rise by 1% to U.S. $ 1,568.89 an ounce. COMEX gold futures price for August closed soared U.S. $ 13.10 to U.S. $ 1,562.30 an ounce, after briefly trading at a range of up to U.S. $ 1,541.10 U.S. $ 1,574.30 an ounce.
Trading in the U.S. market reached 170,000 lots, which is the largest one since June. Investors are now beginning to focus again on the gold as stock markets continued to decline. The price of gold is now only U.S. $ 5 lower than the record high of U.S. $ 1,575.79 an ounce printed May 2 last.
Gold prices recorded so far this month have gone up hngga 6% on concerns the deepening problems of Europe's debt crisis. After Greece, investors worried the crisis will spread to Spain and Italy.
"With the problem of the debt crisis in the EU and the U.S. debt limitation talks, there is a large flight of funds to asset quality. Gold is a commodity for investment because the currency is not performing well," said Mihir Dange, COMEX gold futures broker for as quoted Arbitrage LLC by Reuters on Wednesday (07/13/2011).
The surge in gold prices this happens when stock markets around the world suffered major correction due to fears of debt crisis continues to widespread problems in the EU. Apalgi European region finance ministers have expressed the likelihood of default of Greece, as well as they failed to block the spread of crisis to Italy and Spain.
In addition to gold prices, world crude oil prices also rose. Had dropped, but crude oil prices rise further due to the emergence of rumors of the European Central Bank will buy the securities owned by the U.S. government.
In Tuesday trading, West Texas Intermediate oil for August delivery rose 2.28 dollars to U.S. $ 97.43 per barrel. While Brent North Sea August delivery rose 51 cents to $ 117.75 a barrel.
(Qom / Qom)source: detik.com
After several days of flat trading, gold prices jumped sharply again, along with soaring prices of crude oil and other commodities.
In trading Tuesday (12/07/2011), price of gold in the spot market to rise by 1% to U.S. $ 1,568.89 an ounce. COMEX gold futures price for August closed soared U.S. $ 13.10 to U.S. $ 1,562.30 an ounce, after briefly trading at a range of up to U.S. $ 1,541.10 U.S. $ 1,574.30 an ounce.
Trading in the U.S. market reached 170,000 lots, which is the largest one since June. Investors are now beginning to focus again on the gold as stock markets continued to decline. The price of gold is now only U.S. $ 5 lower than the record high of U.S. $ 1,575.79 an ounce printed May 2 last.
Gold prices recorded so far this month have gone up hngga 6% on concerns the deepening problems of Europe's debt crisis. After Greece, investors worried the crisis will spread to Spain and Italy.
"With the problem of the debt crisis in the EU and the U.S. debt limitation talks, there is a large flight of funds to asset quality. Gold is a commodity for investment because the currency is not performing well," said Mihir Dange, COMEX gold futures broker for as quoted Arbitrage LLC by Reuters on Wednesday (07/13/2011).
The surge in gold prices this happens when stock markets around the world suffered major correction due to fears of debt crisis continues to widespread problems in the EU. Apalgi European region finance ministers have expressed the likelihood of default of Greece, as well as they failed to block the spread of crisis to Italy and Spain.
In addition to gold prices, world crude oil prices also rose. Had dropped, but crude oil prices rise further due to the emergence of rumors of the European Central Bank will buy the securities owned by the U.S. government.
In Tuesday trading, West Texas Intermediate oil for August delivery rose 2.28 dollars to U.S. $ 97.43 per barrel. While Brent North Sea August delivery rose 51 cents to $ 117.75 a barrel.
(Qom / Qom)source: detik.com
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