Wednesday, February 13, 2013

Gold rose, though still below the $ 1.650

Gold prices move up in trading Tuesday (12/02) after finding the support point of the U.S. dollar weakening again post the results of the developed countries in the G7 announced, so do the closing price of gold is still below the $ 1.650 per ounce.

Gold for April delivery settled up 50 cents to $ 1,649.60 an ounce on the Comex - New York Mercantile Exchange. With a trading range between $ 1,639.50 to $ 1,653.80.

A day earlier, a correction in gold prices ended 1.1% below the $ 1.650 per ounce on news that the G7 desire away from a currency war with a coordinated effort. Today, surprisingly, after the results were announced G7 meeting in which they are not targeting the exchange rate has a positive sentiment for the gold price to rise.

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