Gold and oil closed for the week on a higher note Friday amid disappointing US economic reports and lingering concerns over euro zone debt worries. Spot gold added $21.60 to reach $1,514 per troy ounce while US June gold futures settled up $16.50 at $1,508.90 an ounce, after trading between $1,486.40 and $1,515.80, which marked a one-week high.
Increased concern over the economic situation of European countries, prices of gold and silver came in the fast Ratings agency Fitch lowered the rating of Greece.
Gold reached higher level week on Friday. On COMEX the gold closed AT$ 1509. Silver was also 0.5 per cent faster. Silver closed at $ 35.
Increased concern over the economic situation of European countries, prices of gold and silver came in the fast Ratings agency Fitch lowered the rating of Greece.
Gold reached higher level week on Friday. On COMEX the gold closed AT$ 1509. Silver was also 0.5 per cent faster. Silver closed at $ 35.
On Friday, crude oil prices had been strong. However, the dollar showed the pressure on crude oil. NYMEX 0.3 percent climb over $ 99 a barrel crud. China gold demand and investment to India has left behind. This year in China from January to March between the gold bars and coins is increasingly in demand. China during the 93 tons of gold bars and coins have shopped more. Which has doubled since last year.
