Gold prices tend to be stable Asia Session

Thursday, May 19, 2011

Gold prices Gold prices
In electronic trading in Asia today (19 / 5) the price of gold futures experienced a stable movement. Early this morning the price of gold rose to its highest level in the last month, along with the rising prices of other commodities such as crude oil and food commodities. Crude oil prices on the trade last night again exceeded the level of 100 dollars per barrel.

Conditions resulted in the demand for assets that have the ability to hedge against inflation became increasingly highs.Indeks Thomson Reuters / Jefferies CRB which covers 19 commodities price movements increased by 2.6%. Global food prices in the range of near-record highs.

Prices of gold futures for June delivery contract has a nearly flat movement in the position of 1494.70 U.S. dollars per troy ounce. Spot gold price move is stable in the position of 1494.86 U.S. dollars per troy ounce.

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