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Gold recovers
Gold prices rose today by the weak dollar, but eventually may show the greatest decline from September to the week. This week gold can go down in value by 3.4%. Gold prices rise due to increased investor interest considerably cheapened the eve of the metal. Gold prices on Thursday fell sharply - the price of metal has lost more than $ 50, or 3.1%, amid falling global stock markets, which prompted investors to the metal-sale to obtain funds needed to cover losses.
In recent weeks, gold has behaved not as a low-risk assets, and followed the stock market, but the deepening debt crisis in the euro zone could help the gold to return to record rates. Meanwhile, the fundamentals are favorable for gold. Demand for it rose in the third quarter by six percent to a maximum of more than a year due to demand in Europe and central bank purchases, said in a quarterly report to the World Gold Council (WGC).Stocks of the world's largest gold ETF-secured fund SPDR Gold Trust on Thursday rose to 0.95 percent, while the stocks of the largest secured silver ETF iShares Silver Trust has not changed.
Today, December gold futures trading at the New York on the Comex in a range of 1711.4 - 1738.5 dollars / ounce.
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