Wednesday, September 9, 2009

Gold samples the level of 1 000 dollars

Gold price beyond borders of 1 000 dollars an ounce earlier this morning. This happens for the first time since February and is due before the retreat of the dollar in recent times. The dollar retreated sharply, with only between 8:00 to 9:30 local time on its value fell against the euro from 1.4335 to 1,4380 EUR / USD. For the same period, gold advanced to 997.06 from 1 003 dollars an ounce. Pressure on the dollar had spread to a UN report in which the organization first spoke in support of the search for a new reserve currency. For this purpose, the countries of the United Nations should agree to create a global reserve bank to let the currency in circulation and to control the national exchange rates in the countries of the organization, regarded by the United Nations Conference on Trade and Development. Negative for the dollar also proved that the United States yesterday was a holiday and no trading session took place. In the absence of any significant new gold and the dollar managed to remain stable, but until this morning when registered jerky movements. At present it is the most active futures trading of gold for delivery in December. Contracts reached 1 004.80 dollars per ounce during the electronic trading platform Globex, transmit Market Watch.

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