gold price trend

2011年7月29日 星期五

Why Gold Price hit a record high ?ways to earn money to buy gold

Why Gold Price hit a record high ?ways to earn money to buy gold


Gold futures prices rose to $ 1,637.50 an ounce, a new record high, because the U.S. bond market and signs of economic slowdown worries deepened.

Gold futures for December delivery rose 15 cents, or 0.9%, ounce to $ 1,631.20. Gold rose 8.5 percent in July, higher even four weeks.

Gold recently hit a record high for the following reasons

1 gold to investors hedging demand, investors will be gold as the safest assets

2 U.S. debt crisis escalated, the United States may face the problem of debt default

3 economic slowdown, economic growth lower than expected

4 Gold ETF-SPDR Gold Shares to the latest data show that today's total gold holdings: 1262.97 t,

28 total gold holdings: 1244.80 tons. Today compared to the previous positions increased +18.17 tons.

5 market uncertainty

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