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Gold rises as hopes of global economic stimulus

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Gold rises as hopes of global economic stimulus

Unread postby Stillw8n » Wed Jul 18, 2012 9:36 am

Gold rises as hopes of global economic stimulus
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Are free – The price of gold on Tuesday ahead of testimony Ben Bernacki Federal Reserve Chairman before the Us Congress, which is expected to give indications of the intentions of the Bank on the launch of further monetary stimulus measures.

And was supported by the gold dollar is vulnerable to pressures such as the degree and direction of Bernacki fell for a third straight session against a basket of currencies.

Gold rose in the immediate trading 0.1% to 1591.56 dollars an ounce at 6:50 GMT by.

Was little changed on gold futures for August delivery at 1591.50 dollars, while silver rose 0.22% to 27.35 dollars an ounce, and platinum price rose 0.33% to 1416.70 dollars an ounce and palladium 0.86% to 578.15 dollars an ounce.



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