gold price trend

2011年8月18日 星期四

gold price reach to high 1839

gold price reach to high 1839

When I introduce myself as a commodities reporter, there is one question I am almost always asked: my view on the gold price. More specifically, the question comes in two varieties: “Is it too late to buy gold?

Spot gold is at USD 1,790 an ounce, near record highs above USD 1,813, spurred higher by investors looking for a safe haven as concerns over the health of economies in Europe and the United States hit currencies, stocks and bonds.


The 8th India International Gold Conference, organised by the Bombay Bullion Association, will look at global gold scrap supplies, bullion-based investment products, an outlook on the bullion market and industrial uses of silver, as well as detailed discussion of the domestic gold market.
"People will be looking at the kind of investment that could come in at record prices and new avenues that people might have to cover their risk in other markets," said Gnanasekar Thiagarajan, director at Commtrendz Research, a commodity broker based in Mumbai.

Physical purchases in Asia's bullion market slowed as prices neared $1800 an ounce, but any price dips could trigger investment buying as dark clouds over global growth continued to support appetite for gold. India, the world's largest gold
While many analysts have forecast that gold prices will eventually hit USD 3000 an ounce, after hitting a record USD 1800/ounce last week, economic experts at Kansas State University have warned that it is only a matter of time before the ...

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