Gold Ends Week Record Closing High
Physical Gold Bullion prices, most slightly higher in Asia and London on Friday, the first re higher in New York for nearly 5 week high of 801.10 per ounce. dollars per fine, more than 5.7% higher for the day.
For the week, the price of gold has 43 U.S. dollars per oz, approximately 6.6% higher, while the main stock indexes in the U.S. lost 8% and ended with a duration of 11 years weak S & P in the week with almost the worst since April 1997.
The price in euro rose by 7.6% at the end of last week, the Friday of more than € 636, and the price of gold in sterling is 6.2% to record its highest ever weekly almost.
Cash trade deficit of about 1% higher Friday in London and first in Asia, has also turned higher, but the end of the week to 0.5% in years 9.658 an ounce. dollars per ounce.
Platinum gained $ 35 to $ 815.50, copper and remained at about $ 1.57.
Oil rose and the U.S. dollar index dropped to finance the service of economic interests has weakened somewhat ‘and market participants, in cash at work.
The Dow, Nasdaq and S & P ended more than 5% higher than in mixed and volatile trade on hopes that the economy in early May in the fastest and win back the word that the Federal Reserve Bank of New York, Timothy Geithner governor will be appointed the next U.S. Treasury Secretary by President-elect Obama.
Gold and silver shares rose throughout the day and ended with a gain of 27% of the session, an increase of almost 12% on average for the week.
There were no major economic Friday, but in the next week in the United States highlights the existing data include the sale of admission to Monday, GDP and consumer confidence Tuesday, durable goods orders, the first applications for benefits unemployment, income and spending, Chicago PMI, Michigan sensation, and the new Home Marketing wednesday.