gold futures prices forecast january 4 2012

gold futures prices forecast january 4 2012 : Gold prices were climbing over $1,600 an ounce Tuesday as fresh new year buying buoyed the precious metal after it bounced off of key technical levels. Gold for February delivery was up $33.30 at $1,600.10 an ounce at the Comex division of the New York Mercantile Exchange.

The gold price has traded as high as $1,602 and as low as $1,566.80 an ounce while the spot price was up $36, according to Kitco's gold index.Silver prices were adding $1.24 at $29.15 an ounce while the U.S. dollar index was down 0.65% at $79.68. read gold price prediction week january 2 - 6 2012

Australian Trade Balance: The upcoming report will regard November 2011. In the October report, the seasonally adjusted balance of goods and services sharply fell from a surplus of $2,249 million in September 2011 to $1,595 million in October 2011 – a $654 million decrease. The export of non-monetary gold fell by $197 million (15%); if the gold exports will continue to fall in October, it might suggest a decrease in demand for non-monetary gold that could explain the decline in gold prices For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today

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