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LONDON. Gold price movements on the transaction morning in London looks ramp. According to data compiled by Bloomberg, at 09:37 pm London time, the contract price of gold for quick delivery record is not much change in the position of U.S. $ 1,772.63 per troy ounce.
In the three months ended September 2012, the price of gold has jumped 11%. This is the largest quarterly increase since June 2010. While the price of gold futures for December delivery was a lot of record changes in the position of U.S. $ 1,772.63 per troy ounce on the Comex in New York.
The decline in gold prices that occurred today was due to profit-taking as investors speculated to sell gold after the price of the shiny yellow notes largest quarterly increase in two years.
"Given the rapid rise in gold prices in recent times, the current gold consolidation movement is fairly reasonable," said Suki Cooper, an analyst at Barclays Plc in New York.
Meanwhile, Nick Trevethan, senior commodities strategist Nick Trevethan predict, there is a risk that the price of gold will test the $ 1,750 level in the short term after the carve memikau performance in the third quarter last year.
source: http://investasi.kontan.co.id
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