Improving economic data of China and the United States is not able to hoist the gold price. Gold prices fell close to the lowest point in 1.5 weeks, due to the world economic data sapped demand for safe-haven metal.
Reported by CNBC, the spot price of gold fell U.S. $ 1.25 to U.S. $ 1,666.11 per ounce, or at least sharply in one month. Meanwhile, gold prices in the U.S. fell 0.3 percent to U.S. $ 1,665.80 per ounce.
Gold failed to break above $ 1,700 per ounce, despite repeated attempts. China and U.S. manufacturing data growing, the fastest in two years, giving hope of recovery in the global economy.
However, gold is known as a guardian commodity values affected. Viewing the global economy began to passionately, investors began to move their portfolios from gold. This condition causes the gold demand declined.
Meanwhile, the country reported, the price of gold bullion in the Business Unit Precious Metals Processing and Refining PT Antam Tbk, also dropped in trading Friday Rp3.000 a day earlier than Rp583.200 Rp580.200 per gram.
For five gram gold bars removed at Rp2.751.500, size 10 grams Rp5.462.000, and 25 grams Rp13.580.000. A 250 gram gold bars sold Rp135.250.000.
Meanwhile, the purchase price (buyback) Antam's gold in trading today also fell to Rp516.000 per gram than Wednesday, January 23, 2013 at Rp519.000 per gram.
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