Novelas Series

Novelas Series| See the best TV soap operas online, updated daily

About Me

My Photo
zee marco
Stay in touch through the blog, find friends through the blog
View my complete profile

Siteinfo

My Ping in TotalPing.com

Followers

Gold through the end 1000 level of U.S. dollars per troy ounce, the first time since February 2009. After a few months tend to move stable above 900 U.S. dollars per troy ounce. Drivers of gold prices is the weakness of U.S. dollar exchange rate, concerns on the sustainability of global economic recovery and the problem of inflation in the future.Is the economic recovery can survive or not, it's still a big question right now, considering there are many "homework" to be done by developed countries. This situation encourages market participants to find a safer investment, which is to buy gold.U.S. Dollar strength is still in doubt, related issues such large deficits in the U.S.; interest rates remaining near zero percent, and the improvement in economic fundamentals is more encouraging market players chase risky assets. The weakening U.S. dollar positive for gold prices.


Clearly worried about inflation because the value of the investment will be eroded. The amount of money that was disbursed in the financial markets is very large, it is feared this will trigger inflation in the future. So to protect the investment, market players to collect gold price was stable.

Well, if gold will continue to creep up? In terms of price, gold is quite expensive. Market participants will consider the risk of buying at the price range in 1000 U.S. dollars. Thus, market players will start thinking of sell at this level.

Then, from the technical side, there are patterns that occurred twice. Gold-which was at the level of U.S. $ 1000 range-not last long, have a correction (more clearly seen in the chart). So, in terms of price and technical, has the potential gold correction.

Read Also:




Share/Bookmark

Leave a Reply