Gold rose on Tuesday to its highest level in more than five months after weak data for the industrial sector around the world, boosting speculation procedures to facilitate the impending central banks.
Having kept Chairman Ben Bernanke Federal Reserve (the U.S. central bank) door open for further stimulus measures last week, data showed on Monday a contraction in manufacturing activity Globally, putting more pressure on policy makers to act.
And benefited gold and silver from those touched Discreetly morale and the highest level in several months as investors on the precious metals as a hedge of the potential Inflationary risks.
The contract jumped the most actively traded silver in the United States about three percent in early trade, its highest level in four and a half months at 32.38 dollars per ounce before falling back slightly to 32.21 dollars by the time of 0631 GMT.
The spot price rose to a silver precious metal and also have industrial uses about ten percent over the last two weeks, while not increased gold gains four percent despite recent data Predict bleak prospects for global growth.
The price of gold in online transactions to $ 1696.91 an ounce, the highest price since mid-March and then fell slightly to $ 1693.84.
The American forward contracts went half a percent to $ 1696.50 after touching its highest level in five months when it recorded $ 1699.6 earlier in the session.
The increased price of spot silver 0.2 percent to 32.16 dollars an ounce.
And platinum rose 0.4 percent to $ 1550.25 while offering palladium and one percent to $ 633.47 an ounce.