Gold will continue to increase in coming years

Gold will continue to increase in coming years ?

11:22:24 | 26/07/2010

If anybody thinks that the current adjustment step is a sign of gold decreased steadily from a momentum threshold $ 1.200 per ounce, then he should think again.
The analysts said gold prices could rise in coming months and years ahead. According to them , this year , precious metals will set up 11 years step by investors looking for a fence of defense in the context of the global economic outlook is very gloomy .

Report of the Economic Times of India reported that 55 analysts and investors were asked to predict gold prices advanced in 2011, from $ 1.150 an ounce to $ 1.228 an ounce .

Besides, they also predicted the price of gold has increased by 4 % , from $ 1,150.50 was made in January to $ 1.197 an ounce .

Last June the past , precious metals were up high the history of all time is $ 1,264.90 due to worries about the risk of debt crisis of the European countries and financial market developments increasingly complex , stimulating demand for a safe asset .

Those worried about a wave of depression that can support the investment needs a stable where the gold market . Investors continue to defend a safety fence for a sensitive financial market volatility and easy .

Meanwhile , some countries such as Greece , Spain and Portugal had to apply strict policies to cut the budget deficit of his country . This belief is submerged stock - market where investors expect results positive earnings reports of companies will paint a bright picture of economic growth and investment world.

It should also be noted that , while these are positive decreasing demand for gold to protect portfolios , worries about slow growth in general continues to cover market .

However , the threshold of $ 1.190 this year , gold prices rose nearly 9 % and continue to step up its 10th consecutive year . Investment funds such as SPDR Gold Trustn gold has bought lots of gold in April and 5 against the risk of debt crises in Europe , while many national reports showed that demand for gold and gold cents in here has increased .

In the long run , the market may face more pressure to speed economic recovery and more stable interest rates may rise in many parts of the world , submerged metal 's appeal quarter . But at present, gold has found his strength as the global economy is gloomy and interest rates in America continue to maintain close to 0 .

Source: giavang.net