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MAKE MONEY BLOG$~SINGAPORE. Gold price movement is expected to record an increase in trading today. A number of analysts, one factor that could push the price of gold is investors move to protect their wealth as a result of currency weakening global stimulus application.
As you know, the Federal Reserve on Sept. 13 announced a third round of quantitative easing program to boost the global economy. This has sparked fears that the dollar would cluck over rising inflation.
Then, this month also, the European Center Bank plans to buy bonds member states to combat the European debt crisis. While the Bank of Japan to inject funds worth 10 trillion yen, equivalent to U.S. $ 128 billion to fund the purchase of assets. While in China, the local government agreed to increase infrastructure spending.
"The price of gold will continue to rise as global central bank action. Nevertheless, at the same time, there will be a reasonable correction occurs when a thin gold rose high," said Gavin Wendt, founder and senior resource analyst at Mine Life Pty in Sydney.
Record, at 11:58 pm Singapore time, the price of gold in the spot market is not much to record changes in the position of U.S. $ 1,764.60 per troy ounce. Since the end of June, the price of gold has soared 10.5%. This is the best quarterly jump since the second quarter of 2010.
Just a reminder, the gold price was perched at U.S. $ 1,787.52 on 21 September. This is the highest level since February 29.
source: http://investasi.kontan.co.id
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As you know, the Federal Reserve on Sept. 13 announced a third round of quantitative easing program to boost the global economy. This has sparked fears that the dollar would cluck over rising inflation.
Then, this month also, the European Center Bank plans to buy bonds member states to combat the European debt crisis. While the Bank of Japan to inject funds worth 10 trillion yen, equivalent to U.S. $ 128 billion to fund the purchase of assets. While in China, the local government agreed to increase infrastructure spending.
"The price of gold will continue to rise as global central bank action. Nevertheless, at the same time, there will be a reasonable correction occurs when a thin gold rose high," said Gavin Wendt, founder and senior resource analyst at Mine Life Pty in Sydney.
Record, at 11:58 pm Singapore time, the price of gold in the spot market is not much to record changes in the position of U.S. $ 1,764.60 per troy ounce. Since the end of June, the price of gold has soared 10.5%. This is the best quarterly jump since the second quarter of 2010.
Just a reminder, the gold price was perched at U.S. $ 1,787.52 on 21 September. This is the highest level since February 29.
source: http://investasi.kontan.co.id
please give me comments thanks
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