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SINGAPORE. The contract price of gold today recorded adecline. This morning, gold prices in the spot market fell 0.4% to U.S. $ 1715.07 per troy ounce.
While at 12:34 pm Singapore time on the spot market price of gold was at U.S. $ 1715.88.Meanwhile, the price of gold contract for April delivery also fell 0.5% to U.S. $ 1716.80 per troy ounce on the Comex in NewYork.
One of the factors that caused the price of the yellow sag is a step that Moody's Investors Service cut its debt rating of six European countries. It is then led to the position of the mightyU.S. dollar and lower demand for gold as an alternative asset.
"Trimming rating by Moody's to negative sentiment for the marketand will boost demand for U.S. dollars. A stronger dollar will pushgold prices. Even so, when gold prices fall, investors will againbuy gold. This causes a decline in gold prices is limited," explained Wei Chishan, an analyst with Shanghai Metals Market.
source:http://investasi.kontan.co.id
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While at 12:34 pm Singapore time on the spot market price of gold was at U.S. $ 1715.88.Meanwhile, the price of gold contract for April delivery also fell 0.5% to U.S. $ 1716.80 per troy ounce on the Comex in NewYork.
One of the factors that caused the price of the yellow sag is a step that Moody's Investors Service cut its debt rating of six European countries. It is then led to the position of the mightyU.S. dollar and lower demand for gold as an alternative asset.
"Trimming rating by Moody's to negative sentiment for the marketand will boost demand for U.S. dollars. A stronger dollar will pushgold prices. Even so, when gold prices fall, investors will againbuy gold. This causes a decline in gold prices is limited," explained Wei Chishan, an analyst with Shanghai Metals Market.
source:http://investasi.kontan.co.id
please give me comments thanks
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