1
"all as at people " - the dollar falls, and the price for gold rises.
the Price for gold rises the second day successively, as sharp falling dollar raises appeal precious metal as tool for alternative investments. And nbsp;
the Price for the gold sold for dollars, as a rule, moves relatively dollar in an opposite direction, and the American currency has fallen today against euro to the three-monthly minimum. The dollar has fallen on assumptions of participants of the market, that ФРС against cooling economies will lower interest rates. Gold in it to the year has risen in to the price on 22 percent, while dollar fallen down against six basic currencies for 7 percent. "gold now it is good al`ternativoy for investments also continues such to be ", - Franc Lesh, the dealer from has told; FuturePath Trading LLC в Chicago.
the Price for the future for gold with by delivery in December has raised on $3.30, or for 0.5 percent, to $632 for ounce in 10:04 a.m. And nbsp; on Comex division Nymex.
the American Ministry of Labour reported today, that number of the American workers, registering new statements for receipts a welfare payment on unemployment, has increased by last weeks on 3.9 percent or on 321 000, that have appeared more forecast. "requirements of the unemployed have increased on 12 000, that has pushed dollar downwards, and it also has helped gold ", - has told Lesh.
the Dollar has fallen after yesterday economic advisers of President George of V.Busha have reduced the forecast of economic growth of the country. "easing of the American currency ", - Is felt; Has informed today on electronic to mail James Moor, an analyst from TheBullionDesk.com, based in England. If the price for gold rises above $630, it can provoke its growth to $644 whereas current year can be closed about level of $700 for ounce, has told Moor.
However a rise in prices for precious metal can to be limited, as some heads International currency fund, the third in world the largest owner of gold, have told, that for a covering of the losses the fund should sell some part the stocks of gold. "we support, that for the decision financial problems International currency fund wishes to use it gold accumulation ", - were declared in interview in Washington by Thomas Saarenhejmo from Finland, the chairman of the group, co-ordinating a position of members of board fund from 24 persons of the European union.
Gold quotations on a spot have risen, from the night minimum of $625.60 for ounce, to a mark of $634.45, and now metal bargains about $629.48. Analysts consider, that it is necessary for precious metal to rise above price maximum 10 November $636.60 to designate continuation ascending movement.
Forexpf. Ru - Forex News / News Forex