Gold rise Purchases technical support with the decline in stock:
NEW YORK / LONDON (Reuters) - Gold prices rose on Thursday to reinforce the gains recorded on Wednesday supported the demand for the precious metal as a safe haven, analysts said the gains may increase after breaching key technical resistance levels.
Gold fell initially with high stocks, after data showed a decline in the number of applications for unemployment benefits in the United States unexpectedly last week. However, the S & P 500 gave up its gains later to back down a bit.
Analysts said the procurement processes for technical reasons may increase support for the metal after it prompted fears of military escalation of the conflict in Ukraine gold prices to break through key technical resistance levels, including the moving average in 50 days and his counterpart in the 100 on Wednesday.
The price of gold in decades, the American 5.30 dollars to 1313.50 dollars an ounce after rising 1.8 percent in the previous session.
Silver dropped in online transactions was up 0.1 percent to $ 19.99 an ounce.
And platinum rose 1.1 percent to 1470.24 dollars, while palladium rose 0.1 percent to 848.50 dollars an ounce.
