Tuesday, September 25, 2012

the Gold Price Recovery

Gold prices moved up today after yesterday gold has corrected from its highest point in seven months. Some stimulus measures from the central bank is still expected to be able to limit the weakening of gold. the price of gold is recovering from the low point during the week in the previous session when the gold price was down with the prices of other commodities, while data from Germany blew negative news regarding the global economic growth, giving a boost to the U.S. dollar. Investors continued to hunt for gold, sent of ownership in ETF to a high record, with the expectation that the stimulus measures by the central bank will continue to support positive movement for gold price. Spot gold moved up 0.1% to $ 1,765.85 an ounce, after falling to a low week at the $ 1,755.30 in the previous session. While U.S. gold futures rose 0.2% to $ 1,768.50. Easing of monetary policy in such a way was triggered investors to take refuge in gold in order to keep the risk of rising inflation in case of more money printing by central banks. Besides the condition of low interest rates also contributed to gold's appeal. Most analysts still view the current weakness in gold prices is temporary, with the target rising to a level of $ 1.950 is still considerable potential.

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