Gold rises with the rise of oil

Gold price technical analysis 17 - June, 2013

Gold prices rose one percent on Thursday after two days of losses and received support from the falling dollar and rising crude oil amid rising political tensions in the Middle

East.

The data showed a rise in applications for unemployment benefits in the United States and the weakness of factory activity in the U.S. mid-Atlantic region, which enhanced by stimulating new economic forecasts from the Federal Reserve and support the investment appeal of the precious metal.

At 1736 GMT, gold prices rise in the spot market 0.5 percent to 86.1580 dollars per ounce) ounce (.

And increased the futures went to the U.S. for August delivery 9.90 to $ 1580.70 dollars an ounce.