Open menu Close menu Menu
Open charts menu Close charts menu Charts

Call us: 0121 634 8060, 7 days, 7am - 10pm

Free Insured Next Day Delivery

Ounce Gram
Gold £1284.01 £41.282
Silver £14.415 £0.4634

Updated 05:42 24/02/20

£ $

Gold price rises towards two month high


Victoria Hewitt-Marsh, News Editor
27 Jun 2014, 11:01 a.m.

Gold bullion for immediate delivery rose to $1,319.55 during Asian trading following the Fed’s announcement to keep long term interest rates near zero. The gold price is now on course for its first back to back quarterly rise since 2011.

Year to date the gold price has risen 9.8% as investors become concerned the U.S. economy is deteriorating. Only this week the U.S. Department of Commerce confirmed the U.S. economy shrunk by 2.9% in the first quarter.

If the economy continues to falter the Fed will be under pressure to keep interest rates low which will be good for both the gold and silver price

The silver price increased 0.40% to $21.18 per ounce, Platinum rose 0.20% to $1,473.38 per ounce and palladium added 0.30% to close at $838.08 per ounce.

View original source at: www.bloomberg.com

comments powered by Disqus