gold price trend

2011年7月15日 星期五

gold price to new high -market worry about U.S. dollar risk

gold price to new high -market worry about U.S. dollar risk

The soaring price of gold and silver began Wednesday, when the Federal Reserve (Fed) Chairman Ben Bernanke (BenBernanke) made the third round of the quantitative easing policy introduced the possibility, he said, if necessary, the Fed may take further measures to support the U.S. economy.


Then, Wednesday night, Moody's (Moody's) to the U.S. credit rating on negative watch list, which prompted some investors to lose confidence in paper money, especially dollars.

For Paulson (Paulson & Co), John? Paulson (JohnPaulson) and green capital (GreenlightCapital), David Einhorn (DavidEinhorn) and other well-known hedge fund managers, the gold price surge is a good thing, they have created a lot of gold positions, betting on the U.S. public government and the Fed will not protect the dollar value.

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