Gold Breaks Through The $ 1900 Barrier

Today, gold prices surpassed the psychologically important level of $ 1900 an ounce, supported by the dollar’s decline and growing concerns about inflation after US Federal Reserve officials maintained a more accommodative stance on interest rates.

In Asian trading, gold in spot transactions increased 0.3% to 1,905.36 dollars an ounce, its highest level since the eighth of January.

The dollar index remained near its lowest level in four and a half months against other major currencies, making gold less expensive for holders of other currencies.

As for other precious metals, palladium rose 1% to $ 2796.62 an ounce, silver advanced 0.6% to $ 28.14, and platinum jumped 1.2% to $ 1,205.38.