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JAKARTA, The price of gold in the spot market this morning was recorded at the position of U.S. $ 945.00 an ounce, said the CNBC television broadcast.
Meanwhile, Bloomberg reported from London, the contract price of gold and silver fall as U.S. dollar rebounds pressing performance of commodities as an alternative investment.
The dollar climbed 0.6% against the euro after the Xinhua News Agency reported that China was considering to prevent excess industry capacity, thus adding to fears of global recovery will be slow. Index Reuters / Jefferies CRB for 19 raw materials fell 0.8% and crude oil dived.
Gold contract for December delivery slipped 20 cents to U.S. $ 945.80 per ounce on the Comex division of the New York Mercantile Exchange. Earlier, the contract price of gold fell 0.5%.
Gold for immediate delivery rose U.S. $ 1.18 to U.S. $ 945.93 at 3:27 pm New York time.
U.S. government data yesterday showed the purchase of new homes jumped more than expected in July and the demand for durable products like cars and use the computer up, so that confirms kembai indications of economic revival.
Silver contract for December delivery fell 5.8 cents, or 0.4% to U.S. $ 14.288 an ounce on the Comex.
Gold has climbed 7% in this year, while silver gained 27%.
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