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MAKE MONEY BLOG$~LONDON. Gold futures predicted will continue to record. Speculation is caused by the possibility of flushing quantitative easing 3 (QE3) by the Federal Reserve to revive the U.S. economy. Conditions that could potentially boost demand for gold as a hedge of wealth.
"The central bank's monetary intervention in 2012 could trigger a rise in gold prices higher," said Patrick Legland, global head of research at Societe Generale SA.
As reported earlier, on August 31, the head of the Federal Reserve Ben S. Bernanke said that flushing the additional stimulus is likely to be done to strengthen the recovery process of U.S. economists. On the same day, the price of gold in the spot market rallied 2.2%. This is the biggest daily gain in two months.
In addition, China manufacturing data recorded contraction for the first time in nine months in August. These data add to signal a slowdown in growth as a result of demand terpangkasnya European debt crisis.
The same thing also expressed by Andrey Kryuchenkov, analyst at VTB Capital. He said gold prices will climb higher still. However, "Profit taking is likely to occur after gold hit highs. Entire focus will be on Europe," he explained.
Record, at 09:28 pm London time, the contract price of gold for quick delivery record is not much change in the position of U.S. $ 1,690.25 per troy ounce. In previous transactions, the same contract was perched at U.S. $ 1,693.03, the highest level since March 27.
Meanwhile, the price of gold futures for December delivery rose 0.3% to U.S. $ 1,692.30 per troy ounce on the Comex in New York.
source: kontan.co.id
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"The central bank's monetary intervention in 2012 could trigger a rise in gold prices higher," said Patrick Legland, global head of research at Societe Generale SA.
As reported earlier, on August 31, the head of the Federal Reserve Ben S. Bernanke said that flushing the additional stimulus is likely to be done to strengthen the recovery process of U.S. economists. On the same day, the price of gold in the spot market rallied 2.2%. This is the biggest daily gain in two months.
In addition, China manufacturing data recorded contraction for the first time in nine months in August. These data add to signal a slowdown in growth as a result of demand terpangkasnya European debt crisis.
The same thing also expressed by Andrey Kryuchenkov, analyst at VTB Capital. He said gold prices will climb higher still. However, "Profit taking is likely to occur after gold hit highs. Entire focus will be on Europe," he explained.
Record, at 09:28 pm London time, the contract price of gold for quick delivery record is not much change in the position of U.S. $ 1,690.25 per troy ounce. In previous transactions, the same contract was perched at U.S. $ 1,693.03, the highest level since March 27.
Meanwhile, the price of gold futures for December delivery rose 0.3% to U.S. $ 1,692.30 per troy ounce on the Comex in New York.
source: kontan.co.id
please give me comments thanks
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