Gold Reach Highest Price Of This Month

This morning Gold futures climbed to the highest level in a month. Bloomberg data shows, this morning, the price of gold futures in the spot market rose 0.2% to U.S. $ 1692.75 per troy ounce. At 11:02 pm Singapore time gold traded at U.S. $ 1,691.75 per troy ounce.

Just a reminder, on January 17, the price of gold had perched on the highest level in a month exactly in the position of U.S. $ 1,696.29 per troy ounce as investor worries about the global economic slowdown.

Meanwhile, the price of gold futures for February delivery rose 0.3% to U.S. $ 1,691.40 per troy ounce on the Comex in New York.

The rise in gold prices in line with soaring prices of other commodities including tin as digelontorkannya stimulus anticipation in Japan. The other sentiment that drives the price of gold is the negotiations on the U.S. debt limit still deadlocked and the meeting of European finance ministers in Brussels.

"The price of gold is supported by macro factors, although India raised the import tax," said Lynette Tan, senior investment analyst at Phillip Futures Pte.