Friday, March 14, 2008

GOLD EXCEEDED $1000


New Decreasin of the dollar against the yen and the euro, the yellow metal exceeded the level of $ 1000, for the first time in the light of the continued flow of investments to market metal as a safe haven from the dangers of the current volatility of international capital markets.

The other major metals moved specifically silver, platinum and palladium with behind yellow metal benefiting from the crisis other investment markets.

The network PLUM Tower news that the price of the metal had touched record level as it recorded $ 1001.5 per ounce However, it later settled in the market "Comics" in New York at $ 996.6 a rise of 16.10 dollars, or b 1.6% for the month of April futures contracts.

Prices also rose silver contracts for the month of May at 77 cents, or b 3.9% to $ 20.76 dollars.

The price of futures contracts in May had reached the highest level since 1980 and the sixth of this month, when it reached $ 21.32.

According to some expectations that with the yellow metal was able to break the barrier of $ 1000, it became ineligible to continue boarding In London spot rate rose to 13.6 b yellow metal, or 1.4% to hit 996.54 dollars after it was recorded earlier $ 1000.45.

The price of platinum rose for the month of April futures contracts b 1.7% or by $ 35 to $ 2105 dollars per ounce.

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