Thursday, October 27, 2011

Gold Prices Continue to Rise

Gold futures climbed to their highest in a month. These conditions extend rally (increase the length) since August, along with the delayed completion of the debt crisis of the European Union. As a result, demand for gold has increased as an asset property protection.

Current situation in the EU, French President Nicolas Sarkozy and German Chancellor Angela Merkel met the creditors Greece in Brussels on Wednesday (26/10/2011) evening local time. "There is no quick resolution to the issue of debt (Union) Europe, so the status of border crisis pushed gold (price) of these metals go up," said Scott Gardner, Chief Investment Officer of Verdmont Capital SA, in Panama, on Wednesday.

Gold futures for December delivery rose 1.4 percent to its price 1723.50 U.S. dollars per troy ounce (equivalent to 31.1 grams) at 1:41 PM at the Comex in New York. Earlier, gold prices touched U.S. $ 1728, which is the highest price since 23 September 2011.

Garder also mentioned, the current gold has gained support at the lower limit on the price of about 1,600 U.S. dollars. So, he added, investors went back again to the market.


Source : Kompas

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9 comments:

vantage11 said...

good article good news,,

Toko Susu said...

great news ...
Toko Susu -- http://www.pluto-mart.net

Daniel Milstein said...

That is so true. As an author and business man, I can relate to how you said "As a result, demand for gold has increased as an asset property protection". I hope more people discover your blog because you really know what you're talking about. Can't wait to read more from you!

mulyonoaja said...

Many people now really like to invest their money into gold. It's more interesting than just saving on a bank.

Where's the update bro?

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shalmanz said...

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firmanwy said...

I like gold investing... the price will be rise up in the future....

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