Wednesday, August 11, 2010

Gold price trading at around $ 1,210

Also expected to see € price of gold relative strength and continued to hold over 900 EUR per troy ounce. The speculative financial investors would have to in the week 3 August in all precious metals their net long positions extended. According to CFTC data on market positioning of the expansion was particularly marked in silver. In the considered period, the net long positions were up 33% to almost 29,000 contracts, an increase rose to its highest level in five weeks. The financial investors have thus contributed significantly to the increase in the price of silver in the reference week of more than 4%.
Gold price trading at around $ 1210: € show expected also in the price of gold relative strength and continued to hold over 900 EUR per troy ounce. The speculative financial investors would have to in the week 3 August in all precious metals their net long positions extended. According to CFTC data on market positioning of the expansion was particularly marked in silver. In the considered period, the net long positions were up 33% to almost 29,000 contracts, an increase rose to its highest level in five weeks. The financial investors have thus contributed significantly to the increase in the price of silver in the reference week of more than 4%. gold price at around $ 1,210: