Gold and silver prices futures have risen to three-week
9:47 AM
Unknown
mines,gold,silver,oil,gazz,coal,prices,market,asia, europa,america,africa
Gold futures have risen to three-week high thanks to fall in dollar that made commodity investments attractive. US Gold futures for August delivery rose to 1.9% on week to $1,537 after attaining a high of $1,539.50. Bullion priced in euros and British pounds climbed to records this week as European policy makers seek ways to restore investor confidence amid increasing concern that Greece won’t be able to repay its debts after last year’s 110 billion euro ($157 billion) bailout. With Greece debt crisis and lower economic growth, consumer spending in USA, gold safe-haven buying is expected to continue in the near to short term.
Gold June futures at MCX rose from RS 22197 to Rs 22520 representing a gain of 1.4% after attaining a high of 22568 while Silver July futures rose from Rs 53100 to Rs 57505 representing a gain of 8.29% on week. In US markets, Silver futures for July delivery rose 53.3 cents, or 1.4 percent, to $37.863 an ounce. The metal gained 7.9 percent this week. Prices, down 24 percent from a 31-year high of $49.845 on April 25, have still doubled in the past 12 months. The US Mint has stated that its San Francisco facility will start producing American Eagle silver coins to meet rising demnad. The can produce as many as severl hundred thousand coins a week.
gold, iron ore and coal is expected to lead the commodiites rally over the next two to three years on emerging markets demand, according to Standard Chartered Plc (STAN).
Posted in 
Subscribe to:
Post Comments (Atom)
No Response to "Gold and silver prices futures have risen to three-week"
Post a Comment