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World Gold is about to record the biggest weekly loss in two years

Written By easy on Friday, June 21, 2013 | 8:10 AM


 
World Gold Awad some of its losses on Friday, after hitting earlier its lowest level in nearly
 three years, but remained on his way to record the largest weekly decline in nearly two years, after the Federal Reserve pointed end to monetary easing.Gold rebounded more than 1% with the stability of prices of stocks, bonds and commodities today, after heavy selling on Thursday raised the plans Federal Reserve (Fed) to reduce its program of quantitative easing.But that did not contribute significantly to compensate for the sharp drop in price by 5.4%, on Thursday, and gold is still down 7% from its level last Friday, the biggest weekly decline since coming off record highs in September 2011.The price of gold in the spot market of $ 1295.60 an ounce, up 1.4%, after hitting earlier its lowest level since September 2010 at $ 1268.89 an ounce.The U.S. gold futures rose for August delivery 9.10 to $ 1295.30 an ounce after it recorded earlier in the $ 1268.70 an ounce, a level close to its lowest level in three years.And went down the price of silver to its lowest level since September 2010 to record 19.35 dollars an ounce before rebounding to 19.82 dollars, up 1.3% from the previous meeting, and went platinum 0.3% to 1360.50 dollars an ounce, and saw the palladium biggest rise went up 2.3% to 676.22 dollars an ounce.

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