Monday, 8 August 2011

Gold prices rose more in electronic trading on Asian markets on Friday 5 august after a sluggish stock markets globally and regionally related to investor anxiety about the future of U.S. and global economy.

For delivery in December, gold prices rose U.S. $ 5.90, or 0.4%, to $ 1,665.90 an ounce on the Comex division of the New York Mercantile Exchange in Asian markets. The increase is to cover the fall in the trading session yesterday at the North American market for selling to get the margin after the fall in
the stock market.

Today, Asian stock markets fell sharply after the collapse in New York trading around 4% after rising investor anxiety about the future of U.S. and global economy.

Today the market is waiting for the release of U.S. jobs data that will be announced Friday or Saturday evening U.S. time. And if the data that the result is negative, it will increasingly put pressure on the stock exchanges, while gold prices will soar to touch U.S. $ 1,740 per ounce, and silver rose to U.S. $ 46.80 per ounce.

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