Gold prices rebounded in online transactions today registered a new record level at 1592.7 per ounce, boosted by a sharp drop in the price of the dollar and concerns about the sovereign debt of U.S. and Europe.
The rise in the prices of yellow metal after Moody's warned that the United States may lose its credit rating and raises the possibility that after the Federal Reserve (central bank) new stimulus measures to support the U.S. economy with the deepening debt crisis in Europe.
The uncertainty surrounding the U.S. debt talks between the White House and congressional leaders, as well as comments from Federal Reserve Chairman Ben Bernanke on monetary policy to facilitate the possibility of a more have affected the price of the dollar, boosting prices of precious metals.
The debt crisis of the euro area in support of the gold slashed Fitch Ratings yesterday classification of Greece indicating the absence of a new program is fully funded for the country.
The fear of the crisis is spreading to Italy or Spain to a sharp rise in bond yields in these countries, raising the enthusiasm of investors to resort to classified assets, which rose more stable prices to record highs against the euro, or gold.
For the other precious metals have made gains in trading today, the price of silver rose to 38.61 dollars per ounce, the biggest rise since 31 May / May, before that is trading at 38.52 dollars.
The price of platinum rose 0.4% to 1759.09 dollars per ounce, and palladium prices rose 0.74% to 777.97 dollars per ounce.
And a decline in trading today, the exchange rate of U.S. dollar against most major currencies after Moody's warning that America may lose classified at the highest grades.
The dollar fell against the Japanese yen below 79 yen also fell to a record high against the Swiss franc, and fell against the euro to the level of 1.4142 dollars.
