The price of gold today in the world 7 3 2012

The price of gold today in the world 7 3 2012
The price of gold today in the world 7 3 2012


Gold prices continued to fall on Tuesday, to continue the losses incurred in the previous session, following the reduction of China's growth rate target for the current year 2012.

The spot price fell for the gold in the London market by the time 0750 GMT, up 0.3 percent, to record of $ 1700.91 an ounce.

Gold fell as U.S. April delivery by 0.12 percent, to a record 1701.80 an ounce.

The decline in the price of gold in the spot market is about four percent last week, the worst performing weekly since mid-September, following a letter to the President of the U.S. Federal Reserve (central bank) Ben Bernanke did not contain any hints of a third wave of monetary easing in the United States.

This decline came after China yesterday lowered the targeted growth rate for the current year to its lowest level in eight years at 7.5 percent.

Silver tracked after the yellow metal, fell by 0.65 percent to 34.74 dollars an ounce, platinum was down 0.08 percent to 1662.49 dollars an ounce, while palladium was 0.46 percent, recording 699.25 dollars an ounce.

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