Gold rises after encouraging U.S. data on employment


Gold prices rose slightly  on Friday, supported by gains in shares after the announcement of U.S. economic data has been encouraging and that the crisis lingers on the euro area transactions.

The data showed a decline in the number of requests for aid for the unemployed in the United States, causing some of the gains in equity and commodity markets, the euro was steady while moving in the direction of the end of the year at slightly lower against the dollar, remained cautious in control of the investors amid concern the debt crisis in the euro zone.

And the increased gold price in the spot market by 0.3% to 1610.80 dollars an ounce on the way to record an increase of 0.7% during the week after two weeks of continuousdecline.

The price of gold in the United States by 0.1% to 1612.80 dollars an ounce, it moves to record an increase of about one percent during the week, also increased the price of silver0.7% to 29.29 dollars an ounce, yet it is on its way to record fell by 1.3% during the week.

The platinum price rose by 0.9% to 1431.50 USD/Troy ounce, while palladium rose by 0.7% to 653.74 USD/Troy an ounce.