Gold prices soared again last night
Gold price delivered in April as 6:45 am March 15th was up 2.1 (+0.19%) to 1103.8 USD per ounce.
Gold for immediate delivery increased 3 USD to 1104.5 USD per ounce.
Gold price increases by the dollar continue to decline against the euro and pound and buying power increase rapidly near the threshold of the gold price supports 1100 per ounce.
Last week, gold prices continued to fall and lost a total of 3% of value.
Main factors dragging down gold prices last week was that investors feared China would tighten monetary policy and this would cause the demand for goods including gold reduced.
Gold prices will be under pressure to reduce when the U.S. dollar price increases.
