Due to the things that are happening in Asia, the price of gold has risen in the market today. From the latest reports, investor demand for a safe haven lifted gold prices Friday as worries about Japan and the Group of Seven’s attempts to weaken the yen outweighed the calming influence of a ceasefire in Libya. The most actively traded contract, for April delivery, gained $11.90, or 0.9%, to settle at $1,416.10 per troy ounce on the Comex division of the New York Mercantile Exchange. This should be something that those with gold bullion stocks should take advantage of because some would really do lots of things to buy bullion gold right now. The thinly traded March-delivery contract ended up 0.9%, or $11.90, at $1,415.90 per troy ounce. It should also be noted by bullion holders that the G-7′s coordinated intervention in the currency markets aimed at weakening the yen set gold prices on an upward march. Japan’s currency had climbed to a record high against the dollar in the wake of the 9.0 earthquakes and tsunami, and the current nuclear crisis that is haunting the nation. With all these things happening, people needs to start planning to get things going for stocks to grow.
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