Gold: Gold continues to make gains

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Gold continued to rise today by nearly 1% following the dollar weakening, as concerns over the Eurozone dominant debt and turbulence across the Middle East encouraged buying. Even though the extremely loose monetary policies by central banks, the euro zone debt terrors and political unrest across the Middle East have been the major streams for gold to rise, the metal is very close to finish the first quarter with its smallest gain since the third quarter of 2008.

This has been recorded prior to the financial crisis took hold. The precious metal recorded a session high of USD1439.29 an ounce which is its highest value since the 24th of March. The metal was set to mark its biggest gain in a day for the past two weeks only a day before the very crucial non-farm payrolls announcement. Spot Gold is currently traded at USD1434.18 an ounce.