More Than 200 Thousand Ounces Of Gold Added To Russian Reserves In June, 2011

July 24, 2011 - PRLog -- The Central Bank of the Russian Federation released its official worldwide reserves displaying a net accumulation of greater than 200,000 ounces of new gold bought from May 31-June 30. The worldwide gold reserve position of Russia presently stands at 27 million troy ounces. Read more at..... http://silver-dollar-values.com for more profitable silver and gold tips.

Gold prices rose on Friday, as in spite of a European arrangement to help Greece with its swelling financial debt issue, but traders had been nonetheless worried the European financial debt crisis will carry on to distribute throughout the area, as traders fear more notable nations in the Euro Zone region will encounter comparable issues including Italy as well as Spain, the Euro Zone’s 3rd and fourth biggest economies respectively. Visit http://www.silver-dollar-values.net for more profitable silver and gold tips.

Previously on Friday optimism was the dominant concept amongst traders, nevertheless, doubts began to resurface once more over the outlook of the European financial debt crisis, while information that U.S. lawmakers are near to agreeing on a deal to increase the financial debt ceiling did little to relax traders, because they continued to target reduced yielding and safe property, which boosted need for gold, and pushed prices over $1600 an ounce.

Financial fundamentals will probably be absent from marketplaces on Monday, and accordingly, we should not anticipate powerful actions, and that means that gold prices will trade inside a restricted range, albeit with the upside bias, particularly if U.S. lawmakers fall short to attain an arrangement over the weekend, nevertheless, an arrangement to increase the financial debt ceiling could transmit gold prices lower, since demand for safe haven assets such as gold will drop, and that will force gold prices downward. Visit http://www.silver-dollar-values.com for more profitable silver and gold tips.

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