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PRECIOSOS-Gold METALS ounce by dollar stays close 955 dlrs/

Thursday, 13 of August of 2009 Joaquin 08:48
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PRECIOUS METALS Gold close stays 955 dlrs/ounce by dollar

Monday 10 of August of 2009
By Jan Harvey

LONDON, ago 10 (Reuters) - the prices of gold stayed near 955 dollars the ounce in Europe Monday, because the dollar became stabilized against the Euro after the scaling of the previous session, in the middle of a lack of physical demand that stopped new advances.

Gold cash XAU= operated to 953.20 dollars the ounce to the 1123 GMT, in front of 953.80 dollars the ounce Friday in New York. The futures of gold in the United States for delivery in December GCZ9 in the Mercantile metal division COMEX of stock-market of New York lowered 3.50 dollars, to 956 dollars the ounce.

The precious metal lowered Friday because the dollar raised against the Euro after better data of use the hoped ones in the United States for July.

“The gold is not reacting to the specific news of raw materials or gold, but rather it is lead by (factors) macroeconomic”, said the analyst of Commerzbank, Eugen Weinberg. “Most important of these dollar is the Euro/”, added.

The dollar stayed against the Euro and a basket of six important currencies stable, clinging to the gains of the past week. A weaker dollar lowers the price of gold for the possesors of other currencies, and elevates the interest in hard assets like the ingot.

Among others precious metals, silver XAG= was to 14.45 dollars the ounce in front of 14.59 dollars. Platinum XPT= operated to 1,243, 50 dollars the ounce against 1,261, 50 dollars, while palladium XPD= negotiated to 272 dollars against 273 dollars.

(Report of Jan Harvey; Published in Spanish by Marcel Deza)

Updated (Wednesday, 19 of August of 2009 09:24)  
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