2011-02-11

Gold contract fell off the New York market. After "Mu Barack" signal from the president resigned Egypt.

Gold market contract COMEX (Commodity Exchange) April delivery. Network. Fell $ 3 to close at 1,362.50 dollars / ounce After moving in a range of 1351.70 to 1364.50 dollars.

While the silver contract delivery month. Mar, Dropped 18.2 cents to close at 30.094 dollars / ounce
Copper contract delivery month. Mar , Increased 1.95 cents to close at 4.5435 dollars per pound.

The November contract platinum April delivery. Network. Fell 28.60 to close at U.S. $ 1,830.80 U.S. $ / oz.
Contracts and pulse Palladium delivery month. C. Decrease of $ 5.55 to close at 820.90 dollars / oz.

Disclosure of private traders in the market that
Investors sell gold contract after the president of Egypt, Moody Barack released the following statement that He will authorize the government to Vice President Omar Sulaiman Movement, which causes the expected. Smooth Barack will step down from office soon. To follow the call of the protestors. And to maintain domestic political stability.

In addition, gold contract has been under pressure from the U.S. dollar appreciated against major currencies.
Because investors have confidence in U.S. economic recovery. After the U.S. Department of Labor said. Number of unemployed receive benefits during the first week ending February 5, fell by 36,000, reaching 383,000 cases, the lowest level since early July of 2008.