Gold added $1.65 to $1,228.60 an ounce by 11:21 p.m.EDT, having hit an intraday high of $1,229.65. Bullion had rallied to $1,237.15 last Thursday, its strongest since early July, after new U.S. jobless claims hit a nine-month high.
“There’s still a lot of investment demand,” said Mark O’Byrne, executive director of brokerage GoldCore Ltd. in Dublin. “There’s growing concern about the economic recovery. Gold is technically looking better.”
Today the gold price is 1230.42 by the goldprice.org and the gold is getting high and high day by day the price is rising like people are buying it but fact is that the economy is getting down still the price of gold is getting high and high.
Blog by Ubaid Rehman
Ubaid Rehman, is the Strategic Director and Founder of Blips Internation, and award winning person from Halo media d - You can find him on Google+, Twitter, Facebook and Linkin-Id. Over the past 12 years, Mr.Ubaid Rehman has provided web strategy and advice to more than 1000 Businesses. He's Kinda like a Bruce Wills of web marketing.
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