gold price per ounce August 11 at $ 1,800

gold price per ounce August 11 at $ 1,800
International spot gold price breaking session on August 11 at $ 1,800 / ounce mark, a record at $ 1,814.89 / oz record high, but after two days of rapid retracement, the current 1,750 U.S. dollars / ounce below.
Analysts believe that the short-term price of gold is expected to continue to fall, according to Dow Jones Newswires reported on August 15, Philip Futures (Phillip Futures) investment analyst Ong Yi Ling says that the profit taking continued to exit, the case of hedge funds to reduce the flow , the price of gold near future may continue to weaken.
She expects investors will continue to profit-taking near the high point: "The market is significantly higher than before the calm flow of hedge funds are limited, so the next few days the price of gold increased downside risks." She also mentioned that some market participants feel gold "rose too high and too fast."
15 sub-city in early trading, gold was up 1.0% decline, culminating in 1,730 U.S. dollars / ounce found support. Dealers said spot gold at $ 1,770 / ounce there is resistance.
ALBUQUERQUE, N.M. (KRQE) - Gold prices have hit record highs, the price per ounce peaked briefly at more than $1,800 last week.
Eager to take advantage, people are not only investing in the precious metal, but selling it as well.
“It’s time to cash in your gold,” said Antoinette Garcia, Manager of Gold Buyers of America in the Cottonwood Mall.
Garcia said it looks like people are doing just that, “we are looking at a large increase of business here,” she said.
From rings, to necklaces and everything in between, Garcia said they see it all in her store and right now her customers are cashing in big time.
“We’ve paid up to $10,000; of course that’s more than one piece at a time.” Garcia said.