• Gold rose

Market news

19 March 2012

Gold rose

 

Increase in the cost of gold today contributed the balance of payments euro-zone information, the data of annual growth of construction in December last year have been revised with a noticeable increase, the rate was 9.8% versus 7.8%. However, January's data showed monthly anniversaries of the construction decline of 0.8%, which is obviously aggravated the market the impression of a positive review of statistics of the European housing market.

An American Index of the expected sales volume of construction, calculated National Association of Home Builders, in March, contrary to expectations, failed to demonstrate a new medium-high, stopping at its February levels.

Also supporting the wound has information about the success of the insurance payments on Greek debt. Finance ministers of the eurozone, according to today's information and data of recent days, may decide to combine the stability of the funds before the meeting, EU leaders on March 30.

April futures price of gold on COMEX today rose to $ 1670.1 an ounce.

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