Gold New Record in New York and Silver Touched a Peak in 30 years
Recorded gold contracts traded on the New York Mercantile Exchange, ended the trading day to 277.5 thousand dollars an ounce
Gold contracts traded on the New York Mercantile Exchange reached today for the second straight day, a new record, and ended the trading day at 277.5 billion U.S. dollars an ounce, while silver reached its highest price in 30 years.
Although there are gold futures contracts traded at prices even higher than that, the market draws on the most active during each session, which these days are due in December.
These contracts ended the session today to 277.6 billion dollars per ounce in New York after four U.S. dollars more expensive respect to 273.6 billion dollars which closed Thursday, when he also broke a record closing.
This is the third session of the week that the price of gold traded contracts reached historic highs, driven in part by the weakness of the dollar against other currencies and the lack of convincing alternatives for investors.
In London, an ounce of gold also rose today to reach a new record, and which closed at $ 274 billion in that market, due also to the interests of investors to seek refuge from financial market fluctuations.
Silver also rose strongly today in New York and the futures contract maturing in December, also the most traded, ended at 20.81 dollars, the highest in 30 years, analysts said.
The climate of concern these days splashing financial markets has made investors come to gold to try to get higher returns to money they have invested in other places, such as stock or currency.
The dollar has withstood pressures to speculations that suggest that the U.S. government print more money in its quantitative easing program.
At the time of closure of the New York market where gold is traded (17.30 GMT) New York Stock Exchange recorded only constantly changes and ranged between positive and negative ground.
Traditionally gold is one of the investments that best tends to recur as a refuge when other options are not very clear in the stock market or currency.
When the dollar is relatively weak, assets traded in that currency such as gold, silver and oil, cheaper for investors is working with other currencies.