13 reasons Gold Price rising

13 reasons Gold Price rising

Gold price all the way through,

rise to $ 1,420 an ounce by the beginning of July 19 of $ 1,604, or

up to 11.83% .


13 Gold prices rising reasons as follows:

1 gold without any pressure to technical

2011-07-20 day, the morning fixing in London spot gold price of $ 1,602.00 / oz.

Present high gold prices trend


2 U.S. debt default risk rising U.S. debt ceiling has not yet reached any conclusions

If the United States on August 2 is really no agreement is reached, the gold and silver prices will inevitably surge,

Even the safest investment haven is not insurance, hedge funds will be massive flock to precious metals and the euro.


3 Japan earthquake

4 unstable political situation in East and North Africa

5 European debt crisis continued to spread the resurgence of the euro zone sovereign debt crisis

6 high inflation in developing countries

7 China, India, the demand for gold continued warming

8 gold mining because of the difficulties and high elasticity of supply is low, mainly due to the demand can not increase quickly,

Estimates this year will be 262 tonnes of gold supply gap


9 intensified investor fears


10 global monetary easing environmental change,

11 international investment market uncertainty

12 us dollars weaken

13 increase safe-haven buying