Due to the weaker dollar increased gold's investment charm, combined with rising oil prices, the European market Monday afternoon trading, spot gold rose sharply. German commercial banks (Commerzbank) analyst Eugen Weinberg said that the current gold price is very attractive and therefore is expected to rise further. The euro / dollar up to give support for the gold. In Europe, said the Government will work together to the stability of the banking sector, multi-currency against the euro began to rebound. Standard Bank (Standard Bank) analyst Manqoba Madinane said that the amendments to the U.S. market, as well as the larger credit spreads may indicate a good trend of precious metals today. Dresdner Bank (Dresdner Kleinwort), said last week the stock market turbulence on the promotion of gold. Monday, the currency market will also be given to support the gold price, the market may be stable to lower investor demand for gold. The stock market was mainly due to stable governments and the central bank introduced the policy to stabilize financial markets. If the stock market stabilized, the factors that may affect the gold back to the U.S. dollar and the oil. Golden exchanges of open-end fund (ETF) investment dealers are also concerned about one aspect. The world's largest ETF trading institutions SPDR Gold Trust, said its gold holdings last Friday rose to a record high 770.64 tonnes. Analysts also said that financial market prospects continue to worsen and could stimulate demand for industrial metals. 18:53 GMT, spot gold was reported 855.80/856.50, spot silver has been reported 10.59/63, spot platinum was reported 977.00 / 1,00.07, spot palladium 194.00/206.00 reported.
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