gold price is expected to continue to soar

Bloomberg survey, by the all-time record price of gold is expected to continue to soar, mainly due to market reposition itself for more economic stimulus measures the U.S. concerns, with U.S. bonds and debt issues in Europe, pushing up demand for preservation.

Bloomberg survey 27 traders, investors and analysts, 24 of whom believe that gold prices rose this week will be, accounting for 89% of respondents; 1 forecast decline, and two that flat.

Point of view $ 1,760

TheBullionDesk.com analyst Moore (James Moore), said: "Investors are once again turn to gold and other kinds of safe-haven assets, reduce doubts and fears of default."

HSBC (HSBC), said gold analyst James Steele, the current gold price driving factors and is very similar to the second quarter of 2010, the Greek debt crisis and the U.S. stand on the quantitative easing was to promote the record high price of gold. But this rally probably will be more powerful, because now more adverse global financial conditions, and decision makers to choose more limited investment in Aden Report issued report also noted that the financial crisis set off one by one, the price of gold is not up is hard, and rising space "is very large."