gold price trend

2011年8月19日 星期五

gold prices see 1881 by hedge demand

gold prices see 1881 by hedge demand

investors in order to protect the value of assets, have to gold, silver and other "honest money" at the hedge, where the price of gold rally more than yesterday's record high of $ 1,881.4 an ounce see.


Subject to market risk aversion as investors have moved to precious metals, gold and silver prices continued to rise. As of 22:30, an ounce of gold of $ 1,854 or $ 34.7 or 1.9%. Gold once more yesterday at $ 1,881.4 an ounce high closing price of 1,737 dollars the previous week increased $ 144.4, an increase of up to 8%. August date, the cumulative increase of 14.8% gold, the second highest in history monthly increase, after Sept. 1999 17% increase.
Given the current situation of gold hit a record high, analysts suggest investors pay close attention to the trend of gold can affect a variety of information, to maintain long thought, according to the strict principal and positions set the trailing stop point. Gold today is an important resistance level at $ 1,850, and 1,796 to have strong support around $ 1,788.
Other than gold and silver is subject to the market sought safe-haven currency. New $ 42.11 an ounce of silver rose $ 1.427, or 3.49% rise, outperforming gold. Silver once more in two months ago, the high recorded $ 49.53, up 128%.




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