Gold has Risen in Price because of the Conflict between South Korea and the DPRK
Worldwide, Daily news | ankakh | November 24, 2010 11:07
Gold prices on Tuesday rose up after a skirmish between DPRK and South Korea caused a decrease in stock markets and triggered an increased demand for safer assets, according to the auction.
December gold futures in trading in New York Comex Exchange following Tuesday’s price increased by 1.5% to 1,377.6 dollars per troy ounce.
As a result of Tuesday’s U.S. stock indexes dropped by 1,2-1,4%, as Asian and European indices finished the day falling out of the pessimism of bidders after emerging reports of an armed incident on the Korean peninsula, which became the largest in the last half century.
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