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Gold Prices Rise April 2011 Record In History

Gold prices again rose in trading Wednesday, March 30, 2011 New York time. The increase was triggered reports employment in companies with below expectations.
Gold for June delivery rose U.S. recorded $ 7.4 to U.S. $ 1,424.90 an ounce on the Comex division of the New York Mercantile Exchange. In the trade this time, the transaction is done in a fairly wide range between U.S. $ 1,413.10 to U.S. $ 1,431.70 an ounce.
Meanwhile, silver prices have soared 52 cents to U.S. $ 37.51 per ounce. The price was the highest throughout the 31 years.

ADP Reports from the pages of The Street, Thursday, March 31, 2011 mentions the employment in the private sector is actually not too far from previous estimates. The private sector in March is expected to absorb new labor as much as 201 thousand, or according to analyst expectations.
However, unexpected things that come from the revised report private sector employment in February from the previous 217 thousand to 208 thousand new employment.

"Buyers of gold back to collect the gold after a number of disappointments in private sector employment is expected to make interest rates remain low," said senior vice president of RBC Capital Markets, George Gero.

Another factor causing an increase in gold prices on the last day of the first quarter is also likely to come from the purchase or sale of the company's investment manager.
Based on Standard & Poor's notes, since 1975, gold prices usually rose 0.9 percent in the first quarter and will go up 4.3 percent in the second quarter. Gold prices are relatively flat for this year.
Pursche Oliver, co-portfolio manager of GMG Devensif Beta Fund assess the price of silver now diperjualkan with a more narrow price range of gold prices in 27 years. In addition, silver prices are also three decades higher.

"In our view, the increase which took place some time this has reduced the risk of investing in silver commodities significantly," he said.

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