English
The price of gold rose yesterday on foreign markets following the increase in the price of oil and the depreciation of the dollar, which augmented the demand for precious metals. The price of gold with immediate delivery climbed by 18.75 USD (2.6%) to 755.40 USD per ounce on the London Metal Exchange. At 13:00 hrs local time, the price was 751.9x0 USD/ounce. On Comex, a division of the New York Mercantile Exchange, the price of gold with delivery in December rose by 17.60 USD to 751.80 USD per ounce. The price of gold lost 27% from the historical high of 1,032.70 USD/ounce. Analysts were predicting that it would further increase this week because of the sale pressure on the dollar. Traders point out that the physical demand for gold is very strong at world level, as many jewellers and investors want to replenish their cache. The price of silver rose by 2.9% to 10.35 USD/ounce, down by over 50% from the record high of the last 18 years, recorded in March. Analysts believe that the price of silver will not exceed 15 USD/ounce in the following three months as demand has decreased because of the global crisis. The price of platinum with immediate delivery increased by 16.15 USD (1.9%) to 870.65 USD/ounce, while palladium gained one dollar (0.4%) to 226 USD/ounce.
Gold Price Rises
F.A.
Ziarul BURSA #English Section / 12 noiembrie 2008
The price of gold lost 27%
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
