Gold prices rose on Friday

Gold prices rose on Friday, beyond the barrier of $ 1600 an ounce again, and on the back of investors worried about global economic conditions.

 And, according to British news agency Reuters that the price of gold rose one percent today to get back above $ 1600 an ounce, where he scored gold in the instant transaction 56.1603 Onosh dollars.

The price of gold fell in overnight trading, reaching the previous close in New York of $ 1587.90 an ounce, after receiving positive news for the global market.

This rise comes amid continuing concerns about the debt crisis of the euro area, the probability of failure of the United States to settle its debts with the continuation of negotiations on the lifting of the U.S. debt ceiling.

The concerns about euro zone debt to the debt crisis in the United States has prompted the rise of gold prices, 11-session until Monday last the longest rally of the metal in four decades and has registered the highest price a record high for gold at 51.1609 dollars per ounce.

The gold price has been recorded up earlier, during the late last April, recording a 1575 dollars an ounce, after a series of leaps record it.

And will last many world markets in the search for an alternative to the U.S. dollar, "weak", with some markets went toward keeping the yellow metal as a strategic reserve for central banks, rather than the dollar, which contributed to boost demand for gold as a safe haven.

The analysts that gold is rising in almost ten years could continue to rise over four years, albeit at a slower pace with the decline in inflationary risks by shifting to a more normal economic conditions.

This came after the price of gold was recorded last March with a decline reached its lowest level in three months, with $ 1319.13 dollars per ounce, due to the decline in demand to buy safe-haven investment, with the dollar's recovery from depressed levels.

Indicated that he expected continued high price of gold with the rush of investors to the yellow metal safe haven, speculation and a high rate of inflation in the United States because of printing more dollars to finance the economic stimulus plan.