Back Translucent Records, Gold the Starred?

Jakarta - The price of gold back through a new record asthe weakening U.S. dollar, and fears of investors will be the rate ofinflation.


In trading Friday (04/09/2011), price of gold in the spot market wasmoving touched its highest level at U.S. $ 1474.6 per ounce, andfinally closed at U.S. $ 1,471.74 or an increase of 1%. Within a week, gold prices have risen 2.5%. While in the futures market,gold prices for June delivery rose 1% to U.S. $ 1474.1 per ounce.

Traders expect gold prices could touch the level of U.S. $ 1,500 per ounce. Metal commodity prices have risen more than 10%since January, triggered by uncertainty in the Middle East andNorth Africa.

"Eksepktasi high inflation, investors shift their investment to divertprecious commodities sector," said analyst Hakan Kayainvestment management of U.S. $ 190 billion, as quoted by Reuters on Saturday (04/09/2011).

Apart from gold, silver prices also rose 2.4% to a level of U.S. $ 40.5 per ounce, after a touching U.S. $ 40.73 per ounce in tradingFriday.

Reverse correlation between gold and U.S. dollar continued to strengthen throughout the week. The weakening U.S. dollar againstthe euro down to its lowest point in the past year more and trigger an increase in the price of gold.

As is known, gold prices continue to soar early this year following the threat of inflation is encouraging investors flocked to hunt downprecious metals such as it is considered the safest investmentfrom inflation. (dnl / dnl)
source: detik.com

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