New York gold prices

New York gold prices, the United States released the consumer price index (CPI) combustion of the Federal Reserve (Fed) bailout expected, gold as a magic weapon against inflation, increase demand Dayton. New York copper is four days to three days down, the main reason investors worried about China's economy cooling.

U.S. Labor Department reported the July CPI was unchanged, the annual growth rate of only 1.4%, the lowest since record 2 010 11. Bloomberg News survey of 85 economist estimates a median increase of 0.2%.

Fed delay bailout, gold tired, down 6.1 percent so far since the end of February.

Although the price of gold hit in 2008, the largest decline in quarter line, worth hundreds of millions of large investor George Soros (George Soros), with Paulson (JohnPaulson,) is still bullish on gold price outlook, and both rush to buy gold.

U.S. Securities and Exchange Commission (SEC) data show that George Soros of Soros Fund Management Company (Soros Fund Management) as of June 30 for the second quarter holdings of SPDR Gold Trust (SPDR Gold Trust) investment from the previous quarter improve more than doubled, up to 884,400 shares.

Under the name of the hedge fund Paulson (Paulson & Co.) also increased the SPDR Gold Trust fund to invest 26% to 218 million shares.

New York, December gold closed up 0.3 percent at $ 1,606.60 per ounce, the gold price this year, up 2.5%.

New York, December copper tumbled 0.3 percent, at $ 3.361 per pound this season to count fell 3.9 percent.