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New York - The international gold price has not stopped rising. In trading yesterday, the gold price rose to its highest level in six months. Encouraged by the massive stimulus plan from the Fed.
Precious metals rose sharply as concerns the supply is reduced due to interference with the mines in South Africa. Gold demand is predicted to be higher after the advent of the Fed's stimulus plan.
Investors turn to gold to save money are worried about inflation eroded. "The price of gold will continue to rise because the condition," said HSBC analyst James Steel was quoted by Reuters on Saturday (15/09/2012).
In trading on Friday (09/14/2012), the spot price of gold in the U.S. market rose 0.2% to U.S. $ 1,770.2 per ounce, after touching its highest level U.S. $ 1,777.51 per ounce.
While the price of gold futures for December delivery rose 60 cents to U.S. $ 1,772.7 per ounce. Sentiment on gold trading is very positive in two consecutive days.
source: detik.com
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