Graphics shows the prices of gold in the past 12 months. The most active gold contract for June delivery added 0.4 percent, to 1,458.5 dollars per ounce on the New York Mercantile Exchange on April 6, 2011. (Xinhua/Lu Zhe) CHICAGO, April 6 (Xinhua) -- Gold futures on the COMEX Division of the New York Mercantile Exchange further hiked on Wednesday, as worries over worldwide inflation prompted investors to buy more gold to store their wealth. A weaker dollar gave additional push. The most active gold contract for June delivery hiked six U.S. dollars, or 0.4 percent, to 1,458.5 dollars per ounce. Market analysts said that worries over inflation intensified after the Federal Reserve Chairman Bernanke said that inflation must be watched "extremely closely." A senior analyst with PFTBEST said that consecutive hikes in the energy prices also helped fueled the gold market. May crude oil futures added 49 cents on Wednesday in New York, hitting 108. 83 U.S. dollars per barrel, the highest price for two and a half years. Traders noted that the weakening dollar against euro also helped buoy up the dollar-priced gold market. The dollar declined as much as 0.9 percent against the euro on speculation that the European Central Bank will raise its main interest rate this week. Silver for May delivery also increased 20.4 U.S. cents, or 0.52 percent, to 39.387 dollars per ounce. July Platinum also added one dollar, or 0.06 percent, to 1,797.8 dollars. Special Report: Global Financial CrisisGold extends rally amid inflationary concern weak dollar - Tin Tea Canisters - Metal Tin BucketGold extends rally amid inflationary concern weak dollar - Tin Tea Canisters - Metal Tin BucketGold extends rally amid inflationary concern weak dollar - Tin Tea Canisters - Metal Tin BucketGold extends rally amid inflationary concern weak dollar - Tin Tea Canisters - Metal Tin BucketGold extends rally amid inflationary concern weak dollar - Tin Tea Canisters - Metal Tin BucketGold extends rally amid inflationary concern weak dollar - Tin Tea Canisters - Metal Tin Bucket We are high quality suppliers, our products such as Tin Tea Canisters , Metal Tin Bucket for oversee buyer. To know more, please visits Tin Cookie Containers.
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