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Optimistic comments by EU leaders raised metal quotes

26.11.2012 14:30

Optimistic comments by EU leaders raised metal quotes

YEREVAN, November 26. /ARKA/. Last week the gold quotes rose to a new six-week maximum of 1,754.28 USD per troy ounce amid the hike of stock indices and some other commodities assets, as well as up in investment sentiments as the U.S. “budget breakdown” became unlikely to happen.

The White House and the Congress members expressed confidence over budget issues regulation targeted at obviating the automatic rise in taxes and expenditures cuts.

USD drop amid the optimism around tax and budget issues of the U.S. has also fostered hike in the gold quotes. Meanwhile, Moody’s downgraded credit rating of France, and Ben Bernanke assessed the U.S. economy more pessimistically curbing the mid-week active deals of the investors.

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