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Go Finance Reporting in SINGAPORE – The price of gold back to touch its highest level in USD1.477, 40 per ounce. But after that, the gold price moves back flat.

Achieved record gold prices is a result of concerns over the fiscal stability of the euro zone in which the previous Prime Minister of Portugal to resign because his plan reduces the deficit in the parliamentary opposition.

In addition, geopolitical uncertainty in the Middle East also remains a concern of investors. In which allied forces have intervened Libya, plus more with the crisis in Yemen and Palestine versus Israel news.

As reported by Reuters on Friday (03/25/2011), gold prices edged up by 0.2 percent to USD1.432, 15 per ounce from after hitting a record high at $ 1, 477.40 in the previous session. Meanwhile, gold prices in the futures market fell 0.2 percent to USD1, 432.50.

Then silver prices also rose by 0.4 percent to USD37, 28, down from its peak of $ 38, 13 over 31 years ago. (GoFinance)

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