Gold rises supported by Wall Street's rise

Gold rises supported by Wall Street's rise

Gold prices rose on Tuesday, 24.4.2012 after the rise of stocks and industrial metals prices, but selling pressure before the end of the optional contracts and a meeting of the U.S. Federal Reserve (Fed) limited the rise.

The precious metal rose after the rise in the U.S. Dow Jones sharply after major U.S. companies achieved strong earnings and after an encouraging report on U.S. home sales and starts a meeting of the Open Market Committee, which lasts two days later in the day. Despite expectations that the Bank adopts a wait-and-see attitude, but that his comments will be carefully examined with investors try to draw on indicators to facilitate a possible cash.

The price of gold in the spot contracts 0.2 percent to $ 1640.76 an ounce at 1620 GMT

Prices have increased U.S. gold futures for June delivery was 9.10 an ounce to $ 1641.70

 Dollars an ounce