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    New York Gold Futures Prices Rose Slightly

    2008/12/30 0:00:00 49

    US dollar

    Exchange rate rebound

    And other factors, the New York Mercantile Exchange February delivery of gold futures prices fell 29 days, the February contract rose 4.10 U.S. dollars per ounce, closed at 875.30 U.S. dollars, or 0.5%.

    Silver futures for March delivery rose 28 cents an ounce to settle at $10.81, while platinum futures in April rose 28.90 dollars an ounce to settle at 923.40 dollars.

    In electronic trading on the 28 night, the price of gold rose to its highest level of $892, the highest since October 9th.

    The weakening US dollar, rising crude oil prices and the geopolitical tensions triggered by Israel's bombing of Gaza Strip are the main driving force for higher gold prices.

    However, since the beginning of 29 days, the dollar exchange rate has started to rebound.

    At the close of the gold futures trading session, the US dollar has risen to $1.4136 from the euro's low of $1.4355 a week.

    These factors trigger

    Gold investment

    Those who chose to make a profit before the end of the year were forced to return to most of their previous gains and eventually closed at close to the $875.30 low of the day.

    Editor: vivi


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