2012年7月9日 星期一
Predictions of Gold Price Trend
Predictions of Gold Price Trend
The peak price of gold can reach $5000 per ounce as per the analysts as the current economic output is many times greater than 30 years ago. As today's market is based on trader's emotions and mass psychology many would not believe that the gold price may increase to $5000. Because of this normally the predictions made by different analysts will be different.A common question may be bubbling in many minds about who are buying gold and driving their prices up. The market traders today are showing a lot of interest in buying gold. But a lot of ordinary folks are also buying gold. This is because they can buy and sell gold as a contract in their trading platform. The government also reserves gold for dealing with other countries as a better form of payment. Many people invest in gold as they lose confidence in paper currency. There are many causes for this volatile nature of paper currency. They may be political unrest, economic depression and rising inflation. There are many other factors which affects gold rate. Due to the increasing political and economic problems all over the world, many would always prefer to have a form of currency that has high value.
Article Source: http://EzineArticles.com/5515970 http://goldenprice.blogspot.tw/p/reasons-for-gold-price-to-increase.html
2011年7月11日 星期一
Gold price trend of late, Zhang Yingying that the short term
Continuation of the international price of gold rising trend on Friday COM EX 8-month gold closed up 11 to 1541.6 U.S. dollars / ounce, rose as high as 3.64%.
Analysts believe that, overall, the fundamental point of view, the early positive factor supporting the price of gold has not undergone any substantial change in medium to long term trend of gold will continue to be the pattern of the main shock is strong, as long as the financial side with the , the price is still expected to impact again this year $ 1,600.
Recently, the Bank for International Settlements (BIS) annual report revealed that central banks over the past year made 635 tons of gold from the BIS, the maximum withdrawal amount of 10 years.
Galaxy Gold futures analyst Zhang Yingying that, combined with price movements, the central bank to a large-scale gold extraction did not affect the gold price rally over the past year, the gold should not immediately flow into the private sector, the central bank of gold, would not eager to sell, even to sell, the price is not affected under the premise that the message is limited impact on the price of gold.
Gold price trend of late, Zhang Yingying that the short term, the market will digest the weak payrolls report brought good, the price of gold is expected to further upstream, but with the financial side of the situation, will not be much upside is expected.
Analysts believe that, overall, the fundamental point of view, the early positive factor supporting the price of gold has not undergone any substantial change in medium to long term trend of gold will continue to be the pattern of the main shock is strong, as long as the financial side with the , the price is still expected to impact again this year $ 1,600.
Recently, the Bank for International Settlements (BIS) annual report revealed that central banks over the past year made 635 tons of gold from the BIS, the maximum withdrawal amount of 10 years.
Galaxy Gold futures analyst Zhang Yingying that, combined with price movements, the central bank to a large-scale gold extraction did not affect the gold price rally over the past year, the gold should not immediately flow into the private sector, the central bank of gold, would not eager to sell, even to sell, the price is not affected under the premise that the message is limited impact on the price of gold.
Gold price trend of late, Zhang Yingying that the short term, the market will digest the weak payrolls report brought good, the price of gold is expected to further upstream, but with the financial side of the situation, will not be much upside is expected.
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