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After a sharp decline in the first half of the day, gold prices rose sharply, setting all new session high. However, the achieved positions of precious metal and could not be fixed, down to an open day. Economists say that this dynamic trading was due to the fact that the attention of many investors was focused for the coming sequestration.
Note also that the spot price of gold is now at $ 1577, helped by the fall of the euro, which has now reached a seven-month low against the U.S. dollar.
We also add that the appetite for gold is gradually reduced, as confirmed by the data, which show that the gold in the ETFs snizhayutsya steadily.
Note that the stocks in the SPDR Gold Trust fell to a seven-month low while still achieving the level of 1,254.49 tons, and fixed with the 8th-session decline in a row.
March futures price of gold on COMEX today dropped, and now stands at 1576.30 dollars per ounce.
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