The prices of gold could rise above the break significant hurdle to 1222.00 U.S. dollar and toward the mark of 1230.00 U.S. dollars.The main reason for the strength were the purchases of security-oriented investors. After some economic data from the U.S. and China have been worse than expected and the stock markets were then dive down, increased feeling of security among investors.
Gold is currently playing all the way to its function as a safe haven. Although there on Friday to a minor pullback came the winning track this week temporarily ended, is likely to continue the upward trend.Gold could defy the attractive U.S. dollar against the euro and other currencies and also suggest good dealers that the European Central Bank cut due to the current economic situation, interest rates further or initiate at least a similar rate-cutting measures are expected. For investors in gold is a low-interest environment is a paradise, there are the opportunity costs by investing in gold.
Often given is that gold, unlike shares, no dividends or interest on bonds as yields. If the interest rate environment is therefore small, gold for less open-minded investor is always interesting, because financial markets provide no return anyway. I see on the fundamental side is very good chance that the trend will continue in gold.
By the way, starts in India are now the wedding season, which is already dominated by increased purchases of gold of the Indians. As wedding gifts are usually given to gold or gold jewelry and gold therefore runs into a seasonally strong period, which should accelerate the trend.
Gold is currently playing all the way to its function as a safe haven. Although there on Friday to a minor pullback came the winning track this week temporarily ended, is likely to continue the upward trend.Gold could defy the attractive U.S. dollar against the euro and other currencies and also suggest good dealers that the European Central Bank cut due to the current economic situation, interest rates further or initiate at least a similar rate-cutting measures are expected. For investors in gold is a low-interest environment is a paradise, there are the opportunity costs by investing in gold.
Often given is that gold, unlike shares, no dividends or interest on bonds as yields. If the interest rate environment is therefore small, gold for less open-minded investor is always interesting, because financial markets provide no return anyway. I see on the fundamental side is very good chance that the trend will continue in gold.
By the way, starts in India are now the wedding season, which is already dominated by increased purchases of gold of the Indians. As wedding gifts are usually given to gold or gold jewelry and gold therefore runs into a seasonally strong period, which should accelerate the trend.
No comments:
Post a Comment