trapez-finance.org >> Gold Price Back Stronger

Gold prices rose two times in a row in the middle market players focus on bond auction of Spain and European Central Bank meeting.

Fears of debt crisis in Europe re-emerged after Fitch Ratings warned the European Central Bank to take immediate steps resolve debt crises that bind the region. As a result, the euro fell to its lowest level in 16 months.

Spain will auction bonds today. Ie before the European Central Bank announces its interest rate policy for this early 2012. Investors are also watching economic data from China in December. Where China’s inflation rate estimated at a number of observers will slow in 2011 ago.

As quoted by Reuters on Thursday (1/12/2012), the gold price back up 0.2 percent to USD1.643, 29 per ounce. That figure is above the average price in 200 days, USD1.636. While the U.S. gold price rose 0.3 percent to USD1.644, 29.

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