Gold rises with the hopes of central banks move to further quantitative easing

[yota691]

Gold rises with the hopes of central banks move to further quantitative easing

 

March 5, 2013 12:07   Updated: 05 Mar 2013 12:07

 

 

Gold rose in trading Tuesday as rekindled hopes on central banks to take more of stepped quantitative easing investor optimism to take the precious metal as a hedge  as reported by Reuters news agency.

By the time of 06:27 GMT, the spot price of gold about half a percent to $ 1580.76 an ounce gold contract rose U.S. also half percent to $ 1580.30 and silver price rose Spot 0.8 percent to 28.77 dollars an ounce.