Jumat, 15 Oktober 2010

Analysis of gold price decline is only temporary correction

Pakar Iklan Analysis of gold price decline is only temporary correction : The contract price of gold slumped. This is the first decline in three days as a rebound that occurred on the dollar. As a result, charm gold as an investment alternative to any fade. Just so you know, the contract price of gold for quick delivery fell 0.3% to U.S. $ 1,376.45 per troy ounce after yesterday hit a record at the level of U.S. $ 1387.35. At 9:14 pm Singapore time, the price of gold traded on the position of U.S. $ 1377.85. Meanwhile, the contract price of gold for December delivery traded little changed in the position of U.S. $ 1,379.40 per troy ounce on the Comex in New York, after yesterday touching the highest level in history at the position of U.S. $ 1,388,10.

"Correction is happening right now is only temporary where we can see it very easily happen. Moreover, the recent gold price rise so quickly," said CS Oh, the team's head of overseas futures NH Investment & Futures Co..

Just so you know, the dollar climbed against the euro for the first time today. The cause is none other that the stock market slump kept investors hunt for dollars. Dollar Indexnaik 0.4% after yesterday's fall to the lowest position in 10 months.

Throughout this year, the price of gold has increased by 26%.

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