Gold Prices Rise to Highest Level week

Gold futures posted the largest increase in trading last week on Thursday (12/04/2012) local time. Speculation that the Federal Reserve will increase flushing stimulus to boost economic growth to be one trigger.

At 13:50 pm New York time, the price of gold contract for June delivery rose 1.2 percent to 1680.60 dollars per troy ounce on the Comex in New York. This is the highest increase for the most active gold contract since March 26 last. Throughout the year, gold prices have shot 7.3 percent.

"There is a risk-taking in gold trading as the weakening U.S. dollar. Price of gold rose in line with the surge in commodity markets and stock markets," said Frank Lesh, trader FuturePath Trading in Chicago.

For your information, Fed Chairman Janet Yellen said the U.S. borrowing costs will remain low until 2014.