---------- Forwarded message ----------
From: BERTRAND WANCLIK, <b.wanclik@bloomberg.net>
Gold Rises to Six-Month High as Weak Dollar Spurs Metal Demand
2009-09-03 18:00:27.206 GMT
By Nicholas Larkin and Halia Pavliva
Sept. 3 (Bloomberg) -- Gold jumped to a six-month high,
reaching $999.50 an ounce, on speculation that a weak dollar
will boost demand for precious metals as an alternative
investment. Silver surged to the highest price in 13 months.
Gold has gained 4.6 percent in the first three days of
September, the biggest three-day rally since March. The euro has
rallied 13.5 percent against the U.S. currency in the past six
months. Gold tends to rise when the dollar drops.
"The dollar is going to be the main driver for gold
strengthening for the rest of the year," said David Barclay, a
metals analyst at Standard Chartered Plc in London.
Gold futures for December delivery advanced $19.20, or 2
percent, to $997.70 an ounce at 1:30 p.m. on the New York
Mercantile Exchange's Comex division, after earlier gaining as
much as 2.1 percent to the highest price since Feb. 23.
"Gold looks poised to make a real run at the $1,000
mark," Miguel Perez-Santalla, a Heraeus Precious Metals
Management sales vice president in New York, said in a note to
clients.
In London, bullion for immediate delivery climbed $16.43,
or 1.7 percent, to $994.93 an ounce. Spot prices last topped
$1,000 on Feb. 20, and reached a record $1,032.70 in March 2008.
Trending Higher
"The next trending step higher is under way" for gold,
SEB AB analysts in Stockholm said today in a report. The metal
may rise to $1,112, according to the report.
Silver for December delivery jumped 92.5 cents, or 6
percent, to $16.29 an ounce in New York, after reaching $16.31
earlier, the highest price since Aug. 7, 2008. In London, silver
for immediate delivery climbed 5.1 percent to $16.185.
For Related News and Information:
Top commodity stories: CTOP <GO>
Top metals stories: METT <GO>
Technical gauges: BTST <GO>
Gold swaps, lease rates: GLDL <GO>
Commodity forecasts: CPF <GO>
--Editors: Steve Stroth, Daniel Enoch.
To contact the reporters on this story:
Nicholas Larkin in London at +44-20-7673-2069 or
nlarkin1@bloomberg.net;
Halia Pavliva in New York at +1-212-617-7221 or
hpavliva@bloomberg.net.
To contact the editors responsible for this story:
Steve Stroth at +1-312-443-5931 or
sstroth@bloomberg.net;
Stuart Wallace at +44-20-7673-2388 or
swallace6@bloomberg.net.
From: BERTRAND WANCLIK, <b.wanclik@bloomberg.net>
Gold Rises to Six-Month High as Weak Dollar Spurs Metal Demand
2009-09-03 18:00:27.206 GMT
By Nicholas Larkin and Halia Pavliva
Sept. 3 (Bloomberg) -- Gold jumped to a six-month high,
reaching $999.50 an ounce, on speculation that a weak dollar
will boost demand for precious metals as an alternative
investment. Silver surged to the highest price in 13 months.
Gold has gained 4.6 percent in the first three days of
September, the biggest three-day rally since March. The euro has
rallied 13.5 percent against the U.S. currency in the past six
months. Gold tends to rise when the dollar drops.
"The dollar is going to be the main driver for gold
strengthening for the rest of the year," said David Barclay, a
metals analyst at Standard Chartered Plc in London.
Gold futures for December delivery advanced $19.20, or 2
percent, to $997.70 an ounce at 1:30 p.m. on the New York
Mercantile Exchange's Comex division, after earlier gaining as
much as 2.1 percent to the highest price since Feb. 23.
"Gold looks poised to make a real run at the $1,000
mark," Miguel Perez-Santalla, a Heraeus Precious Metals
Management sales vice president in New York, said in a note to
clients.
In London, bullion for immediate delivery climbed $16.43,
or 1.7 percent, to $994.93 an ounce. Spot prices last topped
$1,000 on Feb. 20, and reached a record $1,032.70 in March 2008.
Trending Higher
"The next trending step higher is under way" for gold,
SEB AB analysts in Stockholm said today in a report. The metal
may rise to $1,112, according to the report.
Silver for December delivery jumped 92.5 cents, or 6
percent, to $16.29 an ounce in New York, after reaching $16.31
earlier, the highest price since Aug. 7, 2008. In London, silver
for immediate delivery climbed 5.1 percent to $16.185.
For Related News and Information:
Top commodity stories: CTOP <GO>
Top metals stories: METT <GO>
Technical gauges: BTST <GO>
Gold swaps, lease rates: GLDL <GO>
Commodity forecasts: CPF <GO>
--Editors: Steve Stroth, Daniel Enoch.
To contact the reporters on this story:
Nicholas Larkin in London at +44-20-7673-2069 or
nlarkin1@bloomberg.net;
Halia Pavliva in New York at +1-212-617-7221 or
hpavliva@bloomberg.net.
To contact the editors responsible for this story:
Steve Stroth at +1-312-443-5931 or
sstroth@bloomberg.net;
Stuart Wallace at +44-20-7673-2388 or
swallace6@bloomberg.net.
--
-----
Bertrand Clausell Wanclik (GMAIL)
http://trendsniffer.blogspot.com
http://kuizine.blogspot.com
http://www.linkedin.com/pub/0/b55/631
+55 11 9955-6390
__________________________________
Sent from São Paulo, Brasil
Jonathan Swift - "May you live every day of your life."
Nenhum comentário:
Postar um comentário