- CNTV English - CCTV News

Global gold price stands above US$1200 per ounce

08-09-2010 11:03 BJT

Watch Video

Play Video

The global price of gold has increased for eight consecutive days, to stand above 1,200 U.S. dollars per ounce towards the end of last week. That follows a five percent decline in July, the largest single-month decline in two years.

The less-than-expected decrease in the unemployment rate of the U.S. non-agriculture sector for July added to investors' concerns over the nation's economic recovery. It also brought down the dollar's exchange rates to a near three-month low on Friday. In turn, that's pushed up gold prices.

The metal's price has maintained an upward trend in the first half of this year. It reached a record high at the end of June to stand at 1,265 U.S. dollars. But the easing of the European debt crisis stopped the trend. Analysts say prices have the potential to rise further later in the year.

Editor:Xiong Qu |Source: CNTV.CN

Hot Videos view more

The celebrations are still continuing as the victorious coach, Joachim Loew, has been honored for his achievement in his hometown of Freiburg.
Germany coach Loew honored in hometown of Freiburg

Chinese men´s national team continued its preparations for next year´s Asian Cup, as they managed a one-all draw against visitors Jordan during a football friendly in Harbin, the capital city of Northeast China´s Heilongjiang Province.
China held to 1-1 draw by Jordan

The defending world champs came into the contest with a perfect 6-and-oh record, but they would be in for a tough first half before opening things up in the second.
USA beat Slovenia 119-76 in quarter-finals

Hot Stories more

UK authorities believe killer of James Foley is a British national

Across the UK the hunt is on for James Foley’s killer, who authorities believe is a British national. As Richard Bestic reports from London, Prime Minister David Cameron cut short his summer break to lead his government’s response.

Israeli war jets renews Gaza strike as truce talks stalled

Three Palestinians were killed and 40 others wounded in the intensive Israeli war jets´ airstrikes on the Gaza city on Tuesday night, shortly before an end of a 24-hour ceasefire in the Gaza Strip,

Missouri police arrest dozens after violent night

As the protests in the town of Ferguson, Missouri turned violent with police facing ´heavy gunfire´ from some ´criminal elements´, cops fired tear gas, stun grenades and arrested 31 demonstrators on Monday night.

Picture in news more

More Video News

Choose TV Program