الجمعة، 21 سبتمبر، 2012

Gold above 1770 dollars after stimulus boosted investor appetite

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- Gold prices returned on Friday to rise above 1770 dollars an ounce, as expectations that developed central banks measures to spur growth will boost liquidity and raise inflation and keep interest rates at their lowest level the precious metal on the road to achieving gains for the fifth consecutive week. Also boosted other markets higher gold price. U.S. stocks resumed and the euro to rise and oil recovered from its lowest level in a month and a half with the return of investors to the market after the stimulus measures announced by the major central banks in recent times.
Gold rose in the spot market 0.4 percent to $ 1773.44 an ounce by 0945 GMT, while U.S. futures increased gold for delivery in December 6.10 to $ 1776.30 an ounce.
The Bank of Japan was the latest central bank reveals a monetary measures to facilitate this week after the Federal Reserve announced (Central American) for a big program of asset purchases and the ECB's announcement of a plan to buy bonds from euro zone countries heavily indebted.
Among other precious metals increased silver 0.6 percent to 34.78 dollars an ounce, while platinum rose in the spot market up 0.6 percent to $ 1631.25 an ounce.
And palladium rose 1.4 percent to $ 669.47 an ounce.

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