INDIAN JEWELLER

Gem and jewellery liquidation is set for New York City

The sale will be organised in two lots

Post By : Diamond World News Service On 22 December 2009 5:23 PM
As the stock markets are known to be sensitive to social and economic happenings, spot gold rose tremendously to $830.05 an ounce, the highest since November 26, after the assassination of Benazir Bhutto. Gold prices behaved erratic with the slipping of the US dollar and surging political tension.%%According to James Moore, a precious metals analyst at TheBullionDesk.com., “The markets are very thin and people are jittery. Any such news is going to create a larger reaction than you would normally expect to see”.%%US gold futures for February delivery reached a one-month high of $835.50/oz on the COMEX metals division of the New York Mercantile Exchange, before settling at $831.80 an ounce, up $2.3, or 0.3%.

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