- The price of gold rose for the first time in four sessions as the dollar fell following the release of strong data on lending in Europe supported the euro by the European Central Bank meeting this week, which is expected to clarify the prospects for European monetary policy in the wake of extents messages sent by policy makers.
And he won gold on the support also in New York trading from technical buying.
And increased Spot gold contracts 0.5 percent to $ 1176.41 an ounce ounce by 2113 GMT.
Also increased in the US futures contracts December to $ 4.70 delivery settled at $ 1177.50 an ounce.
Lending quarterly data showed the European Central Bank that eurozone banks loosened their lending standards more than expected during the past few months in spite of the vagaries of global markets in recent times. This reduces the need for the European Central Bank to strengthen its program to buy assets worth trillion euros this week at least.
Moreover, he said ECB Governing Council member Christian Noyer The quantitative easing program are well prepared and does not need to be modified.
Gold also won support on Tuesday from speculation that the Federal Reserve (the US central bank) will delay raising interest rates until next year. And increasing the interest that would raise the cost of acquisition of the precious metal which does not generate interest.
Among other precious metals silver rose 0.4 percent to $ 15.89 an ounce and platinum rose 0.6 percent to $ 1015.24 and palladium climbed 1.3 percent to $ 691.50 for Ooukah.anthy 29/4 e
[You must be registered and logged in to see this link.]