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- Gold rose to a six-month high
Gold rose to a six-month high
Gold prices close to the maximum level in six months due to long term liquidity injections by the central bank U.S.
Fed Chairman Ben Bernanke last week signaled that the central bank may take extraordinary measures to keep interest rates low, which caused a rise of commodity and stock markets. Experts believe that the rise in prices is holding back the possibility of disappointment the Fed or the European Central Bank.
In September, gold is usually more expensive - an average of over 44 years at 2.1 percent. In the near future direction of the market will determine the ECB and the Fed, central banks will have monthly meetings.
From the beginning, gold rose more than 8 percent.
September futures price of gold on the COMEX is now 1692.10 an ounce.
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