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1/3/12

Developments in Iran's nuclear trigger rate of the price of gold and silver?

LONDON. Contract price of gold and silver rise recorded last night. At 17:32 pm London time, the contract price of gold for fastdelivery rose 0.2% to U.S. $ 1566.37 per troy ounce. 
Meanwhile,the contract price of silver rose 0.1% to U.S. $ 27.8625 per troyounce.

The surge in gold prices occurred after Iran reported already producing its first nuclear fuel rod. Conditions that cause investors to worry that chasing gold as a safe haven.

Just so you know, the Iranian Student News Agency AtomicEnergy Agency citing Iran's writing, a domestic-made fuel rodsalready made ​​and tested to the core of a nuclear reactor after passing a test. Nuclear fuel rods containing uranium that provide fuel for generating nuclear power. Also reported, Tehran reactorproduces radioisotopes for cancer treatment.

"Iran's nuclear plans have sparked fears it will lead to furthersanctions to the country. Penalties will come from the U.S. and other countries. This will positively impact the price movement of gold because investors hunted," explained GnanasekarThiagarajan, director of Commtrendz Risk Management ServicesPvt from Mumbai.

As you know, lately, the U.S. and its allies had been increasingpressure on Iran to halt the country's nuclear reactor developmentprogram. Sanctions are legally formalized, signed by PresidentBarack Obama on 31 December. Some of the sanctions thatcancel a number of agreements with the central bank of Iran andthe European Union to ban the consideration of import oil from Iran.
source: http://investasi.kontan.co.id
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