Gold Prices Continued To Decrease

The price of gold on the New York commodity exchanges on Saturday (02/03/2013) recorded continuing decreasing to the level of U.S. $ 1,572.30 / ounce.

Correction in gold prices is a losing streak in four weeks as President Barack Obama's statement that government spending cuts will cause a ripple effect on the U.S. economy and jobs will be lost.

At 5:14 pm, the gold price traded down to a level of U.S. $ 1,572.30 / ounce or U.S. $ 50.55 / gram.

It was based on the gold price index Comex Gold from Bloomberg, which recorded a decline in the gold price of U.S. $ 0.19 cents to U.S. $ 50.55 / gram on Friday (03/01/2013) at 15:14:57 pm New York or Saturday morning (03/02/2013) at 5:14:57 pm, for the April 2013 contract.

Spot platinum prices fell 0.62% to U.S. $ 1,573.10 per ounce, while spot palladium prices fell 0.74% to U.S. $ 723.50 per ounce.