Gold and Silver Prices
gold and silver prices
Gold prices reached new heights this summer, as investors tried to reduce a solution for the potential impact of U.S. credit rating and find the debt crisis. The recent riots in London and debt problems in European countries also have the pedal to hit gold and silver, but the further weakening of the dollar is the main reason for the rise in gold / silver price. Falling dollar, increased attractiveness of gold as a safe haven. In this chain, the gains gold has also increased the price of precious metals such as silver and palladium to its highest level in the history of mankind.
Gold has also led to the economic optimism of investors who are willing to buy assets considered risky were benefited. After Afshin Nabavi, head of trading at MKS Finance, "The market is nervous." Any significant transaction does not seem to disrupt the market temporarily. Although in general it seems that only one character. In the U.S., the Dow fell 5.6% and fell 634.76 points, the sixth in the history of this index. The Nasdaq has an even greater impact (6.9%) suffered during the rest of the world markets have experienced losses. Also yesterday, the Nikkei and Hang Seng fell by 4% and 7%.Last Thursday, the dollar fell to a minimum of 14 months from a group of coins actions to help promote the demand for riskier assets like the dollar or further action. The weak dollar supported the commodity gold. The gold price has doubled since the beginning of the economic problems, the end of 2007. A weaker dollar makes the metal attractive to holders of other currencies. Likewise, the money is another beneficiary of the weak dollar.
The other reason for the rise of gold is the lack of convincing alternatives for investors. Investors want the best for your savings / revenue. Due to market fluctuations, safer assets such as gold and silver gained the attention of investors. These outnumber sellers of gold market and the old formula, based on market demand and market offer came in.
In London an ounce of gold was also increased to a record high, even to investors refuge from financial market fluctuations. Commodity Trade Silver also rose sharply, reaching its highest level in 30 years.The financial climate of fear that splashes the market these days, investors who come with the gold and try a better return for the money you have invested elsewhere, such as stocks or currencies has made get. Traditionally, gold and silver is an investment that most of them tend to use as protection if no other options are very clear on the stock market or currency.
For More information...current silver prices
Gold prices reached new heights this summer, as investors tried to reduce a solution for the potential impact of U.S. credit rating and find the debt crisis. The recent riots in London and debt problems in European countries also have the pedal to hit gold and silver, but the further weakening of the dollar is the main reason for the rise in gold / silver price. Falling dollar, increased attractiveness of gold as a safe haven. In this chain, the gains gold has also increased the price of precious metals such as silver and palladium to its highest level in the history of mankind.
Gold has also led to the economic optimism of investors who are willing to buy assets considered risky were benefited. After Afshin Nabavi, head of trading at MKS Finance, "The market is nervous." Any significant transaction does not seem to disrupt the market temporarily. Although in general it seems that only one character. In the U.S., the Dow fell 5.6% and fell 634.76 points, the sixth in the history of this index. The Nasdaq has an even greater impact (6.9%) suffered during the rest of the world markets have experienced losses. Also yesterday, the Nikkei and Hang Seng fell by 4% and 7%.Last Thursday, the dollar fell to a minimum of 14 months from a group of coins actions to help promote the demand for riskier assets like the dollar or further action. The weak dollar supported the commodity gold. The gold price has doubled since the beginning of the economic problems, the end of 2007. A weaker dollar makes the metal attractive to holders of other currencies. Likewise, the money is another beneficiary of the weak dollar.
The other reason for the rise of gold is the lack of convincing alternatives for investors. Investors want the best for your savings / revenue. Due to market fluctuations, safer assets such as gold and silver gained the attention of investors. These outnumber sellers of gold market and the old formula, based on market demand and market offer came in.
In London an ounce of gold was also increased to a record high, even to investors refuge from financial market fluctuations. Commodity Trade Silver also rose sharply, reaching its highest level in 30 years.The financial climate of fear that splashes the market these days, investors who come with the gold and try a better return for the money you have invested elsewhere, such as stocks or currencies has made get. Traditionally, gold and silver is an investment that most of them tend to use as protection if no other options are very clear on the stock market or currency.
For More information...current silver prices
ewanlewis - 24. Nov, 10:04
