Suspended the U.S. Dollar, Gold costs rising

  Gold futures on Thursday (19/04/2012) native time, posting a rise. At 13:50 pm ny time, the worth of gold contract for June delivery rose zero.1 p.c to one641.40 greenbacks per troy ounce on the Comex in ny.

Gold worth increase coincided with the retention rate of the strengthening U.S. dollar. One reason is that the statement of the IMF's managing director Christine Lagarde who affirm bagwa IMF funding sources are going to be increased considerably within the middle of Europe's debt crisis. Conditions that boosted demand for gold as an alternate investment.

"This is nice news for gold. we have a tendency to see current robust euro. That is, the extra money can flow within the money markets and it's smart for the movement of gold," said Frank Lesh, trader FuturePath Trading in Chicago.