• Gold rose

Market news

2 April 2012

Gold rose

 

The price of gold rising against the publication of the report on manufacturing activity in the U.S., the results of which indicated an acceleration in economic growth. Thus, the index of economic conditions in the ISM manufacturing sector in March was 53.4, expected 53.0, the previous value of 52.4. At the same time, construction spending fell in February by 1.1%, expected to increase by 0.6%.

Pressure on gold continues to provide that the jewelers in India - the world's largest gold market - strike seventeenth consecutive day to protest against the doubling of import duty on gold.

April futures price of gold on COMEX today rose to $ 1682.7 an ounce.

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