“Panting” global gold to counter the threat of inflation

Gold price technical analysis 30 - May, 2013

Gold rose on Monday to remain near its highest level in almost seven months, which resulted in the latest move to stimulate the economy from the Federal Reserve the U.S. central bank to scramble for the metal, which is traditional hedging tool in the face of the threat of inflation.

Gold climbed over the final four weeks and can penetrate its peak for the current year 1790 USD/troy per ounce Oukah with the United States to print more money to buy assets, raising inflation expectations and weighing on the U.S. currency, as reported by Reuters.

And the price of the yellow metal $ 4.03 to Oukah to 1773.49 USD/troy an ounce of gold  after they rose to $ 1777.51 on Friday, the highest price since late February when he scored a peak for the current year. The gold rose to a record high at about 1920 dollars in September of last year.

The U.S. gold futures rose for December delivery $ 3.20 to $ 1775.90 an ounce as the dollar fell to its lowest level in 7-month high against a basket of major currencies.

And made Spot silver 0.2% to 34.65 dollars an ounce. And platinum rose 0.7% to $ 1706.24 an ounce, while palladium rose 0.3% to $ 694.96.