English
The price of gold marked the most serious decline in one week last Friday in New York following a strong increase in the price of stocks at global level as a result of the US Government plan to stabilize the banking system. The US Government will sped hundreds of billions of dollars to remove bad mortgage assets from the bank"s accountancy in order to restore trust in financial markets. The price of gold deliverable in December decreased by 32.3 USD (3.6%) to 864.70 USD/ounce at the Comex division of the New York Mercantile Exchange. This was the most significant decline registered after 10 September. Over the entire last week, the price of gold however gained 13% (100.20 USD), thus marking the most important rise since October 1999. The price of silver deliverable in December decreased by 22.5 cents (1.8%) on Friday to 12.475 USD per ounce. For the entire week, the price of silver gained 16% (the highest increase since April 1987). Since the beginning of the year, the price of gold gained 3.2%, whereas the price of silver decreased by 16%.
Gold Price Drops 32 USD In One Day
F.A.
English Section / 23 septembrie 2008
Euro
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