Dollar falls nock Gold New Record Again ?

SINGAPORE, Make Money Blog$- The price of gold back to carve a new record. Just so you know, this morning, the contract price of gold for current delivery rose 0.3 percent to 1478.32 U.S. dollarsper troy ounce. This is the highest level in history.


At 7:27 pm Singapore time, the same contract in the position of1477.95 U.S. dollars per troy ounce. Meanwhile, gold prices forJune delivery in New York also soared to record highs to the position of 1479.90 U.S. dollars per troy ounce, or up 0.5 percent.

Skyrocketing price of gold occur along with keoknya dollars.Conditions that make a rising gold demand. "Commodities,including gold, investors will continue to be sought after. There is no reason to continue mengempit dollars and I see there will belittle recovery for the green in the future,"said Gavin Wendt, an analyst MineLife Pty.

For your information, the current position of the dollar touched thelowest level in 16 months against six major world currencies. The reason, speculation circulated that the Federal Reserve will miss astep in the European Central Bank raised its benchmark interest rate. (Barratut Taqiyyah / Cash)
source: kompas.om

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