MELBOURNE . After rising sharply , eroding the price of gold back
in the Asian market . However , movement is very limited in this morning
.
Gold for August delivery on the Comex , Nymex fell slightly to the level of U.S. $ 1564.50 per troy ounce at 8:12 Melbourne time . Yesterday , the price shot 0.9 % to U.S. $ 1565.70 per troy ounce . This is the steepest rise in the past week .
Meanwhile , gold for immediate delivery also fell slightly to U.S. $ 1563.40 per troy ounce .
Yesterday , the market had time to hunt for the yellow , due to anxiety crisis in Europe worsened. Because the CDS Spanish government bonds rose to record highs , because the government is still struggling to rescue ailing banks . Moreover , the EU said , the high government debt of Italy and a sluggish economy caused this country more vulnerable to financial crises in the region.
" We saw some safe-haven buying in gold , " said Phil Streible , senior broker at RJ O'Brien & Associates , in Chicago .( Kontan. co.id )
Gold for August delivery on the Comex , Nymex fell slightly to the level of U.S. $ 1564.50 per troy ounce at 8:12 Melbourne time . Yesterday , the price shot 0.9 % to U.S. $ 1565.70 per troy ounce . This is the steepest rise in the past week .
Meanwhile , gold for immediate delivery also fell slightly to U.S. $ 1563.40 per troy ounce .
Yesterday , the market had time to hunt for the yellow , due to anxiety crisis in Europe worsened. Because the CDS Spanish government bonds rose to record highs , because the government is still struggling to rescue ailing banks . Moreover , the EU said , the high government debt of Italy and a sluggish economy caused this country more vulnerable to financial crises in the region.
" We saw some safe-haven buying in gold , " said Phil Streible , senior broker at RJ O'Brien & Associates , in Chicago .( Kontan. co.id )
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