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| Gold prices rose |
NEW YORK. Gold futures last night (22/8) in New York speeding. At 14:00 pm New York time, the price of gold futures for December delivery reached a level of U.S. $ 1655.90 per troy ounce on the Comex. This is the highest level for a most-active gold contract since May 2. At 14:54, the same contract was up 0.7% to U.S. $ 1,654.7 per troy ounce.
In fact, in previous transactions, the gold price was down 0.1% to U.S. $ 1,640.50.
One factor that drives the gold price movement is a signal that the Federal Reserve will be poured stimulus to revive the U.S. economy. It then triggered the demand for gold as an inflation hedge.
One of the factors that affect the price of gold is recorded meeting of the Federal Open Market Committee signaled for flushing stimulus.
"The price of gold soared as new expectations about inflation after easing," said Michael Gayed, chief investment strategist at Pension Partners LLC in New York.
"Many members of the judge, adding additional stimulus will soon be launched unless there is data indicating strengthening U.S. economic recovery," the recording the meeting of the Federal Open Market Committee meeting on July 31 to August 1 released yesterday.
source: http://investasi.kontan.co.id
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