Gold bullion rises in Asian trading supported by strong demand
Gold rose in Asian trading on Thursday, supported the request and actual purchases to technical factors but prices remain close to their lowest level in two and a half with the decline in the attractiveness of the precious metal by the rise of the dollar and brighter prospects for the American economy.
And investors await the ECB meeting later Thursday to see whether they will launch a new round of monetary stimulus and the impact on the euro and the dollar.
The price of gold rose in online transactions 0.3 percent to 1272.28 dollars an ounce by 0440 GMT time. The yellow metal fell during trading on Wednesday to 1261.19 dollars, its lowest level since mid-June before closing the small gains.
The market is also awaiting the report of the new jobs outside the agricultural sectors in the United States for the month of August and which will be released on Friday tracers for evidence on the pace of growth in the world’s largest economy and expectations of monetary policy of the Central Bank of American.