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An employee working in a gold alloy in Vienna. Reuters photo
US President Barack Obama said on Tuesday that the demand for gold would go up after the rise in prices in the US. Demand for gold is likely to rise because Americans will be responsible for the price rise.
American gold price was up 0.1 percent. At an annual price of $ 1233.8, gold is priced at 1233.20 dollars.
Harish V. The head of the commodity research at Geojit Financial Services said: "Investors are looking for more clarity and they're aware of the dollar movements and how the US market affects."
Spot traded at $ 14.63 a ounce. Palladium lost 0.3 percent to $ 1129.38 a barrel.
Plutonium for an ounce rose from 0.2 percent to 865 dollars. In the last session, after June 25, metal price was 873 dollars.
Prepared by Hala Candle for Arabic publication – edited by Ahmad Elm
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