Gold reaches a high of $1900 an ounce mark for the first time and fell back to just little below the rise, in the volatile market, on Monday. One of the main reasons is the global recession, which has made Investors to find gold as the best investing area. Analysts also believed that the demand was also being driven by speculation that the US Federal Reserve may announce new stimulus measures in a bid to boost the economy.

If the stimulus package is delivered at the Central Bank Governors across the globe meet, scheduled at the end of this week, at Jackson Hole summit, then the yellow metal will push further. Because the best option the US has is to print more currency and this will have an inverse effect on the metal. Once more dollars are pumped into the financial system, then the value of the dollar depreciates and gold becomes stronger.

Gold has been rising by more than 30% since the year beginning and by about 16.7% since the beginning of this month.

While Silver was at $43.61 per ounce, down by 11 cents from yesterday’s closing rate, Platinum was up by $5 at $1,906 and Palladium lost $1 at $760.

Oil has also been raising evenly in London, Frankfurt and Paris markets marginally by 1% - 2% and remained there till the close of the day. The main reason is due to the ongoing revolution in Libya, which is one of the main sources of supply. The other reason could be the fear that there might be a decline of stockpiles of crude oil in US.

Brent was up by 64 cents to $109 a barrel, while US light crude advanced 91 cents to $85.62.

Uncertainty and fear seem to rule the investors, which have lent a supportive arm to the spurt in the markets.