Jakarta - The price of gold back into the new record in the history of trade on Friday. The investors stormed back to secureinvestment instruments because the U.S. back a debt settlementimpasse.
The surge in gold prices was helped by the weakening of the dollar as investors worried about the debt settlement in the U.S.and Europe. While politicians in the U.S. have not found an agreement to settle the government debt that will mature thisAugust 2.
"The value of the dollar more and the less attractive because offiscal and monetary conditions are not supportive," said analystKathy Lien was quoted as saying by Reuters on Saturday (07/30/2011).
Gold prices continued to surge after the U.S. government saidthe economy is quite shaken in the first half of 2011. Someinvestors are also worried about the risk of impending economicrecession in the U.S.. This could make the price of goldcontinues to rise.
But there are also some investors who worried the U.S. economywill experience a deep recession and will push the prices to be down, including gold which is estimated to be depressed.
In trading Friday, spot gold prices touching a record high in history of U.S. $ 1632.3 per ounce. Up 0.5% from the previousposition of U.S. $ 1,623.99 an ounce.
While the trading price of gold futures for December deliveryalso rose $ 15 to U.S. $ 1631.2 per ounce.
Besides gold, silver prices also rose 0.8% form the U.S. $ 39.97per ounce, but can not return to the record high of U.S. $ 41.42per ounce on this minggi.
(dnl / dnl)
source: detik.com
please give me comments thanks
The surge in gold prices was helped by the weakening of the dollar as investors worried about the debt settlement in the U.S.and Europe. While politicians in the U.S. have not found an agreement to settle the government debt that will mature thisAugust 2.
"The value of the dollar more and the less attractive because offiscal and monetary conditions are not supportive," said analystKathy Lien was quoted as saying by Reuters on Saturday (07/30/2011).
Gold prices continued to surge after the U.S. government saidthe economy is quite shaken in the first half of 2011. Someinvestors are also worried about the risk of impending economicrecession in the U.S.. This could make the price of goldcontinues to rise.
But there are also some investors who worried the U.S. economywill experience a deep recession and will push the prices to be down, including gold which is estimated to be depressed.
In trading Friday, spot gold prices touching a record high in history of U.S. $ 1632.3 per ounce. Up 0.5% from the previousposition of U.S. $ 1,623.99 an ounce.
While the trading price of gold futures for December deliveryalso rose $ 15 to U.S. $ 1631.2 per ounce.
Besides gold, silver prices also rose 0.8% form the U.S. $ 39.97per ounce, but can not return to the record high of U.S. $ 41.42per ounce on this minggi.
(dnl / dnl)
source: detik.com
please give me comments thanks
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