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Gold prices rise due to the weakening dollar and get ready to show in January, the strongest growth since August 2011.
The euro is rising against the dollar in the hope that Greece will be able to restructure debt and avoid default in March. Although this reduces the attractiveness of gold as a safe asset, concerns about Portugal and evidence of weak performance of the eurozone in the first quarter, support the market.
Yield on 10-year government bonds of Portugal close to 17 percent, from close to its highest level in history, 17.4 per cent of the eurozone. Investors fear that Lisbon is on the way in Athens.
Gold prices rise for four weeks, the growth began on the eve of Chinese New Year due to purchases in China.
Cost of the February gold futures on the COMEX today rose to 1747.7 dollars per ounce.
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