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Wysłany: Śro 23:10, 02 Mar 2011 Temat postu: Gold posts best weekly performance air jordan heel |
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Gold posts best weekly performance
Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Friday, registering the strongest weekly rally so far this year,[link widoczny dla zalogowanych], underpinned by continued unrest in the Middle East.The most active gold contract for February delivery rose 3.5 dollars per ounce,[link widoczny dla zalogowanych], or 0.25 percent,[link widoczny dla zalogowanych], to settle at 1,[link widoczny dla zalogowanych],388.6 dollars.
Market traders noted that gold prices finished the week higher as investors resorted to gold as safe-haven investment in the wake of growing turmoil in such Mideast countries as Bahrain and Libya.At least five people have been killed since demonstration against Bahrain's ruling family began on Feb. 14. Demonstrators in Libya also demanded the government's overthrow. Besides,[link widoczny dla zalogowanych], it is reported that Egypt has agreed to allow the passage of Iranian naval ships through the Suez Canal.
Buoyed up by concerns over inflation and political situation in the Middle East, gold prices have enjoyed a nonstop hike of 2.1 percent this week, the biggest weekly rise since the beginning of this year.A trader noted that the metals markets are advancing toward new highs and breaking through key resistance not seen for a very long time,[link widoczny dla zalogowanych], especially in silver.
March silver also jumped 72.6 cents on Friday, or 2.3 percent, to 32.296 dollars an ounce, the highest since March 7,[link widoczny dla zalogowanych], 1980. Meanwhile, platinum for April delivery slipped 70 cents,[link widoczny dla zalogowanych], or 0.037 percent,[link widoczny dla zalogowanych], to 1,843.3 dollars per ounce.
Argentine govt blames company for fatal accident in Buenos Aires
Argentine Federal Planning Minister Julio de Vido on Thursday said Ferrobaires train company was responsible for the fatal accident occurred in Buenos Aires because the train was in bad conditions.During a press conference in the building of the Economy Ministry, De Vido said "the clear responsibility is that someone dispatched the train in bad conditions."
On Wednesday night,[link widoczny dla zalogowanych], four people died and 80 were injured in Buenos Aires when a train of Ferrorabires company crashed against the urban line of San Martin in San Miguel locality, some 35 kilometers northeast to Buenos Aires.De Vido said that two of the four brakes of the Ferrorabires train were not working and added that the controls of the train were in charge of "Buenos Aires province."
"This talks about the clear and grave irresponsibility, at least of the one who dispatched the train,[link widoczny dla zalogowanych]," he said.Meanwhile, federal judge in charge of the case Manuel Yalj said that one of the train's brakes "was immobilized with nails and the other one has a lock."Yalj told a local radio station that they are "working on colleting the proofs" near San Miguel station.De Vido also said that in the last seven years the Argentine government has invested 7.5 billion Argentine pesos (1.875 billion U.S. dollars) to improve the railway system in the country.
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