Gold settles in the Greek crisis and concerns about U.S. growth

Gold settles in the Greek crisis and concerns about U.S. growth

SINGAPORE (Reuters) - Gold prices settled in the spot market on Thursday after rising to its highest level in a month in the previous session, which some investors sought a safe haven in gold after the cut in credit rating of Greece by Moody's and weak economic data from the United States.
And greater fear of depletion of the driving force of the U.S. economy after data showed that the companies employed fewer than expected in May and that the manufacturing sector, the lowest level since 2009.
Ong said Yi Ling, analyst at Phillip Futures "We have seen recently a lot of economic data expected to ... the worst of economic uncertainty will remain backed by gold."
He said that if gold broke through a key resistance level at 1550 dollars, it may exceed the record level of $ 1575.79, which scored in the second of May.
Did not score gold in the spot market little changed at 1539.59 dollars a troy ounce (ounce) by the time 0348 GMT. Gold jumped to 14.1550 a dollar on Wednesday, its highest level since the third of May.
U.S. gold fell 0.2 percent to 1540.90 dollars.
And increased the silver in the spot market up 0.8 percent at 37.07 dollars an ounce, after losing more than four percent on Wednesday.
Platinum was little changed at U.S. $ 1815.74 an ounce. He had recorded the highest level in the month of $ 1834 dollars in the previous session.
Palladium rose a half percent to 769.47 dollars an ounce.