gold prices rise reasons

As the rumors, the International Monetary Fund (IMF) to prepare € 600 million ($ 801 billion) aid package to fight the Italian air, the stock market and other commodities and gold prices.Gold prices, gold prices despite the recent correction. Average annual price babsis, gold outperformed almost all of 2011 the stock market and commodities, the prices remain high $ 259.70, or 20.3%, for the 11th consecutive year in advance.Speaking want the gold price, Barclays Capital analyst Suki Cooper, precious metals forecast, gold prices in 2011 and $ 2,000 for the fourth quarter of the average $ 1,875 per ounce in 2012. She did not mention, however, "In the short term prices seem a little soft, but we are still positive longer-term."
She gives her predictions, because "the continued concern about global economic conditions, which will continue to support investor interest in gold." She also added that "physical demand for gold rise late, and the gold ETF flows picked up in October, which has continued into November."The price per ounce of gold will be in the last few days, due to the weak dollar, sending the price of gold soaring

Comex division of the New York Mercantile Exchange gold for December delivery rose U.S. $ 1,716 an ounce, $ 30.30. Each Kitco's Gold Index, the yellow metal's price and the spot price stays at $ 35 an ounce $ 1,722.40 $ 1,684 transaction.Hope to rise, stronger currencies of 17 countries, a fiscal union, will help curb the debt crisis, gold prices rose sharply and the dollar weakened against the euro.According to reports, the euro area countries in the negotiations to create more between countries of the euro fiscal consolidation - will be the euro area have agreed to implement austerity measures. The euro area, German Chancellor Angela Merkel and French President Sarkozy's decision will enable the country to give up some sovereignty in order to save the euro.A strong physical buying also sent gold prices. The SPDR Gold Shares of (GLD) According to reports, now has nearly 1,300 tons of gold as investors actively bought the week before.
In a recent note by the Barclays, it was said, exchange-traded products increased by more than 70,000 tons last week, 2,273.5 tons of total metal to a new record. It said, "We are optimistic and look forward to the area of ​​$ 1,600 to buy above resistance around A $ 1,736 break will confirm our views and open to around $ 1,803, and our target area of ​​$ 1,840."Oliver Pursche, a common combination of GMG defensive Beta fund manager said, "This is a bit a three-game winning streak.
gold prices