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Oil prices rise up gold

Sunday, 13 July 2008

World gold prices go up by 2% to auction of COMEX - division of the New York Stock Exchange - and reached 960.60 dollars for oz. According to announcements from london stock exchange operations in the City on Friday, the last trading day of the week, the price of oz within a specified time is reached 969.10 dollars.

This is the highest level of 19 March onwards. The appreciation of gold is directly related to on Friday recorded an increase in the price of oil at record levels, and also with the fall of the indicators of global stock market.

In this situation investors began actively to buy precious metals as a reliable instrument for accumulation of funds compared to the securities.

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