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5/13/12

Gold has not been at its lowest level?

Make Money Blog$~JAKARTA. The price of gold was sloping. Changes in political leadership in Europe, pushing up the U.S. dollar (U.S.). In the end, it depressed the price of precious metals.

The contract value of gold for delivery in June 2012, at the Comex division of NYMEX-US Exchange, also falls to its lowest point this year, at U.S. $ 1578.50 per ounce Troi. "When the market is concerned, then they will choose the U.S. dollar, and this could not offset the gold," said Jesper Dannesboe, an analyst at Societe Generale SA in London, as quoted by Bloomberg. He alleges, in current conditions, the rise in gold is only temporary.RT Kawengian Apelles, Head of Business Development and Product Monex Investindo Futures, predicts gold will still be eroded until next week. Strengthening U.S. dollar rate, the estimated Apelles, not restrained despite the latest economic data bad Uncle Sam.Indeed, the current gold attenuation, in contrast to the previous gold predicate, which is a safe haven asset. "On paper, gold will rise as the economy is uncertain. Apparently, it's safe haven status faded, since gold recently moved in rhythm with risky assets, "said Tony Mariano, an analyst at Harvest International Futures.Tonny, assess the latest economic conditions of China, helped push gold prices to below U.S. $ 1,600 per ounce Troi. Indeed, China's inflation rate for April by 3.4%, still below the annual target of the Government of the Bamboo Curtain country, which is 4%. However, import export data of China, far from the expectations of analysts.Tonny said second data is translated as a slowdown in China's economic activity, to open up room for rate. Therefore, not only to keep down the price of gold stocks, currencies and other commodities also fell.Not only the price of gold in the spot market plummeted. Antam gold prices also fell. Thursday (10/5) the price of one gram gold bars are kind of the lowest level since January 3 at USD 532 000. The price of gold bullion back up on Friday (11/5) to Rp 533 000.Wait for a low levelApelles even suspect, the price of gold will reach its lowest level in the next week, U.S. $ 1,550 per ounce Troi. "Gold is still going down to the level it. My recommendation, buy at that figure, "said Apelles.Technically speaking, describes Apelles, the average price movement of gold has been under daily price. Moving Average Convergence Divergence at the level of -14, the signal for a new show down, but no sell signal. In other words, gold will still experience a correction.June Sutikno, an analyst at Philip Futures Indonesia, suggested that investors refrain from buying gold. He predicted that commodity prices were eroded to the level of U.S. $ 1,550 next week.Tony said, the potential reduction in gold, next week, is still quite large. He said gold could plunge to as low as U.S. $ 1,520 per ounce Troi. "You should buy above that level. That is the lowest level in December last year, "he said.While the price of gold bullion, according to Tony, it's cheaper to buy. Revelation Tribowo Laksono commodity market observers still expect the price of gold bullion has the potential to go down due to lower gold prices in the spot market.Revelation of next week even suspect gold bullion prices can move in Rp 480,000. "For the type of conservative investors can wait on that level, the aggressive can buy from now on," he said.Goldman Sachs projections, the gold price could rise to around U.S. $ 1,840-US $ 1,940, 12 months.
Source:http://investasi.kontan.co.id
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