FX & CFD trading involves significant risk
Gold prices rise as buyers returned to the physical market after a 5% reduction in price the day before.
On Wednesday, the spot price fell by 5% after the U.S. Federal Reserve Chairman Ben Bernanke gave no hint of the third round of quantitative easing, which was a key factor supporting prices.
On the physical markets in Asia jewelers, traders and investors have shown a violent activity after the price reduction of almost $ 100.
Stocks of the world's largest gold ETF-secured fund SPDR Gold Trust rose on Wednesday, more than 9 tons, the biggest increase since January.
March futures of gold on COMEX today rose to 1724.6 dollars per ounce.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.