Gold rose to a two-week high

Noticias del mercado

27 marzo 2012

Gold rose to a two-week high

Gold prices rose to a maximum of two weeks against the euro and the growth expectations of continuing low interest rates in the United States.

After Bernanke's speech yesterday the euro rose to a three-week high against the dollar, and then reached a monthly peak.

Stocks of the world's largest secured gold fund ETF SPDR Gold Trust on Monday, up more than 6 tonnes, after declining by 10 tonnes last week.

Demand for gold in India - the world's largest market of precious metals - low, because the jewelers on strike in protest against the doubling of import duty on gold.

April futures price of gold on COMEX today rose to $ 1696.9 an ounce and then dropped to $ 1679.5 an ounce.

European stocks closed in minus: FTSE 100 5,869.55 -33.15 -0.56%, CAC 40 3,469.59 -32.39 -0.92%, DAX 7,078.9 -0.33 0.00%

U.S. stocks flat: Dow 13,239.25 -2.38 -0.02%, Nasdaq 3,126.75 +4.18 +0.13%, S&P 500 1,416.77 +0.26 +0.02%

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