Gold jumps in thin trading but the outlook is grim – Gold jumped on Thursday due to buying in the spot market after prices fell to their lowest level in six months , but investors are still not excited because of the improved global economic outlook and speculation the imminent termination of the U.S. monetary stimulus .
And 28 percent incline gold in 2013 and the end of a rally as long as 12 years, with the announcement of the Federal Reserve ( the U.S. central bank ) announced plans to end the policy of monetary easing this month by reducing the monthly bond purchases ten billion dollars to 75 billion dollars.
The quantitative easing helped lift the price of gold in recent years because of the pressure on long term interest rates and fueled fears of inflation.
Rose spot price of gold to its highest level in two weeks , recording 1228.10 dollars per ounce in early trading , rose 1.1 percent to 1219.04 dollars. The metal dropped to the lowest price since June 28, when the record of $ 1184.50 an ounce on Tuesday .
Silver rose 3.2 percent to 19.94 dollars an ounce and the metal fell 36 percent in 2013 , the worst annual performance since at least 1982 .
And platinum rose 1.5 percent to 1391 dollars per ounce after losing 12 percent in 2013 , while palladium rose 1.3 percent to 720.25 dollars per ounce of the precious metal which is the only one who stepped up in 2013 and gains of about 2 % .
And copper its highest level in 6 months
Recorded copper futures in the dealings of the London Stock Exchange for metals positive start for the new year with the ascent to the highest level since June, supported by expectations that the economic recovery in China, the largest consumer of the metal will boost industrial demand .
And copper futures ended the month of December on December gains of more than 4 percent , the biggest monthly increase since September September 2012 by a wave of optimism the global economic recovery .
Stepped up standard contracts for three months in the dealings of the London Stock Exchange for metals 1 percent, to 7432.25 dollars per ton on Thursday , its highest level since the sixth of June. At the Shanghai Stock Exchange futures contracts rose the most actively traded copper 0.5 percent, to 52560 yuan per tonne .
China said industrial production probably grew 9.8 percent in 2013, economic growth is likely to reach 7.6 percent, which is slightly more than the official level, the target of 7.5 percent , but slightly on the low growth recorded in 2012, which amounted to 7.7 percent .