Gold prices continue rising

Gold prices continue rising,

Gold prices continue rising
analysts say, gold retail investment purchases entities and the ideal, the gold still get support after more than a single investment and speculative funds to wash out the gold market is currently bullish.

New York gold futures closed up on Friday, rewritten since early September, the biggest weekly gain, mainly due to rising demand for jewelry and coins, commodities and stock market boom.

Gold prices continue rising
In addition, U.S. consumer spending higher than expected in September, has brought optimism to Wall Street, supported the gold price higher. Gold prices on Thursday, also helped attract buying approach.
With the Group of 20 (G20) began to discuss the attempts to prevent the debt crisis in Europe, U.S. retail sales data is also better than analysts expected, since December last year, commodities toward the biggest weekly gain forward, while the global stock market is ready to write down the most since July best weekly performance. India, the world's largest gold consuming country and the religious celebrations this month, the eve of marriage season, gold demand is likely to heat up.
New York Mercantile Exchange (COMEX) 12-month gold closed up 0.9 percent on Friday, reported $ 1,683 per ounce, up 2.9% in total throughout the week. U.S. retail sales data after the announcement, gold and other commodities with other asset prices.
Standard Bank Group said in the report, physical gold demand has reached at least since 2009, one of the most powerful level.
Gold prices continue rising
Containing Al-Douri, including the Swiss banking group in London analyst mentioned in the report: "The recent price movements and risk assets was a positive trend, which means the next few months will be living in mixed gold space, thanks to the business cycle increased risk to a certain extent, as well as the full impact of sovereign debt risk. "

Controlled by a bull gold market
Analysts said the gold market is now controlled by the bull. By the recent market turbulence caused overbought, seems to have ended. The market trading has become more reasonable.
Gold may remain supported by the European sovereign debt concerns, although there are recent signs of optimism, is still far from over.
Over the past few days, gold stocks tend to trend with the United States, safe-haven appeal faded. U.S. stocks rose on Friday, the week up 4%. Over the past few weeks, the gold market under pressure. Wall Street fell, prompting investors to sell gold and other metals, for cash, pay the deposit.
Weaker U.S. dollar also helped support gold and other raw materials futures. Tracks the greenback against a basket of six currencies dollar index fell to 76.699, to 76.978 on Thursday
Gold prices continue rising