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Erland Djumena
NEW YORK, KOMPAS.com - Contract price of gold again drovethrough the new record. Thus, the highest gold price in historycreated in two consecutive days.
The rise in gold prices came after the Federal Reserve decided tohold interest rates at low levels that diminish the prospects ofstrengthening U.S. dollar and boost demand for gold as aninvestment alternative.
Just so you know, the contract price of gold on the Comex division,New York, for delivery in June rose 14.10 U.S. dollars or 0.9percent, to 1531.20 U.S. dollars per troy ounce at 13:49 New York time. Previously, the same contract hit a record at the level of1538.80 U.S. dollars per troy ounce. Throughout the past year, the price of gold has increased by 31 percent.
Meanwhile, the contract price of gold for quick delivery rose 0.7percent to a record high in the position of 1538.47 U.S. dollars.
"The market is not formed bubble gold and gold prices willcontinue to rise in the long term because of global monetary policy is contrary to the real economy," said John Hathaway, SeniorManaging Director of Tocqueville Asset Management LP. (BarratutTaqiyyah / Cash)
NEW YORK, KOMPAS.com - Contract price of gold again drovethrough the new record. Thus, the highest gold price in historycreated in two consecutive days.
The rise in gold prices came after the Federal Reserve decided tohold interest rates at low levels that diminish the prospects ofstrengthening U.S. dollar and boost demand for gold as aninvestment alternative.
Just so you know, the contract price of gold on the Comex division,New York, for delivery in June rose 14.10 U.S. dollars or 0.9percent, to 1531.20 U.S. dollars per troy ounce at 13:49 New York time. Previously, the same contract hit a record at the level of1538.80 U.S. dollars per troy ounce. Throughout the past year, the price of gold has increased by 31 percent.
Meanwhile, the contract price of gold for quick delivery rose 0.7percent to a record high in the position of 1538.47 U.S. dollars.
"The market is not formed bubble gold and gold prices willcontinue to rise in the long term because of global monetary policy is contrary to the real economy," said John Hathaway, SeniorManaging Director of Tocqueville Asset Management LP. (BarratutTaqiyyah / Cash)
source: kompas.com
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