Sunday, June 05, 2011

The contract price of gold back up on Monday (06/06/2011) this morning. A number of factors that encourage the movement of gold, among others, the existence of speculation in the U.S. if the cost of borrowing will remain low after economic data signaled that the global economic recovery will slow. Conditions that hit the dollar and raise the prestige of gold.

At 8:49 pm Singapore time, the contract price of gold for quick delivery rose 0.2 percent to 1545.10 U.S. dollars per troy ounce. On 3 June, the price of gold was up 0.6 percent.

"low of U.S. economic data led to speculation that the Federal Reserve will again poured quantitative easing,"said Lachlan Shaw, an analyst at Commonwealth Bank of Australia.


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