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Tuesday, March 1, 2011

Gold prices reached the highest level in three months

Gold prices reached the highest level in three months
Rising Gold and oil prices while stocks are falling
U.S. crude rose by 2.17% in the New York Mercantile Exchange

Gold also rose in the spot market to the highest level in three months, with the escalation of unrest in Libya and the Middle East, which boosted demand for gold as a safe haven, while silver recorded the highest level in 31 years.

Gold climbed in the spot market to the highest level during the session at 1423.65 dollars an ounce, its highest price since the seventh of December, when it reached U.S. $ 1430.95 an ounce.

Silver rose to its highest level in 31 years at 34.47 dollars per ounce, and was traded at a later time when the 34.31 dollars per ounce.

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