New York Gold Prices Rose Slightly In 6 Days

2011/6/7 9:59:00 28

Xinhua Chicago, June 6, due to gloomy economic prospects, market sentiment tends to be cautious, boosting the demand for gold market, New York commodity exchange

gold futures

Prices continued to rise on the 6 th.

On the same day, the most active August contract was $4.8 an ounce, closing at $1547.2, or 0.3%.

The economic data released last week, including the US employment and real estate market, are very

Sluggish

Investors worry that the high unemployment rate and the sluggish real estate market will continue to slow down the pace of recovery in the US economy.

Analysts pointed out that this aspect of stimulating hedge funds continued to flow into the gold market, on the other hand, investors expected that the Fed's benchmark interest rate will remain at an ultra-low level for a long time, which means that the opportunity cost of holding gold will be reduced, thereby enhancing the attractiveness of gold as an investment tool.

But on the same day, the US dollar exchange rate index, reflecting the US dollar exchange rate for the basket of currencies, rose by about 0.3%.

On that day, silver futures for July delivery rose 59.1 cents an ounce to settle at $36.782 an ounce.

Gain

It is 1.6%.

Platinum futures for July fell $2.5 an ounce, or 0.1%, at $1821.2 an ounce.