Friday, December 23, 2011

Gold rises after U.S. data encouraging

Gold rises after U.S. data encouraging

Gold prices rose slightly in thin trading on Friday, supported by gains in shares after the announcement of U.S. economic data has been encouraging and the euro zone crisis lingers on the transactions.

The data showed a decline in the number of jobless claims for the unemployed in the United States, causing some gains in the stock markets and commodities. The euro was steady while moving in the direction of the end of the year at slightly lower against the dollar.

Remained cautious investors in control of the central concern of the debt crisis in the euro zone.

And increased the price of gold in the spot market 0.3 percent to 1610.80 dollars an ounce by 0710 GMT. On his way to record an increase of 0.7 percent during the week after two weeks of continuous decline.

The price of gold in the United States was 0.1 percent, to 1612.80 dollars an ounce as it moves to record an increase of about one percent during the week.

And silver rose 0.7 percent to 29.29 dollars an ounce, yet they are in the process of registration fell by 1.3 percent during the week.

And platinum rose 0.9 percent to 1431.50 dollars an ounce, while palladium rose 0.7 percent to 653.74 dollars an ounce

Forex

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