The price of gold back from record high points terkerek weakening dollar and the news from India, who will buy the precious metal commodities on a large scale.
Gold prices also rose by 13 percent this month to USD1, 178. “Media reports in India the current market momentum,” said Head of Trading Investec Australis Darren Heathcote, as quoted by Reuters on Wednesday (25/11/2009).
Meanwhile, the dollar fell to its lowest level since seven weeks ago on yen currency. This happens because of the many pressures on the dollar, one of which is that American interest rates are still not increase.
In addition, the positive sentiment also came from Japan, where the economy has started to improve with the improvement in trade balance Affairs Bamboo Curtain-III quarter 2009 compared with the same period the previous year.
