REUTERS
Gold rose sharply in Europe on Friday, before the advance of oil, the decline of the dollar and fears by geopolitical risks in Pakistan and northern Iraq. But platinum fell from a peak which marked on the eve of the one making gains. The metal has gained nearly 40% this year.
The spot gold advanced to $ 832.20/833.00 ounce at 12:37 GMT, compared with $ 824.70/825.50 registered at the close of the U.S. market on Thursday. "For now, resistance at the level of 830 US dollars appears to be slowing to gold," said James Moore, analyst at TheBullionDesk.com precious metals. "Anyway, as the dollar faced pressure and are being violent protests in Pakistan, it is likely that the demand for gold recorded more attractive to investors for their safe haven and potentially advance to defy its peak this year," he explained.
Gold, which is usually seen as an asset of refuge, on Thursday reached a maximum of one month's $ 831.20 ounce after the murder of Pakistani opposition leader Benazir Bhutto. In November, the gilded metal marked up to 28 years of $ 845.40 ounce.
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