Wednesday, January 18, 2012

Downgrade Europe, Gold Starred precisely

Downgrade Europe, Gold Starred  precisely Another factor causing the price of gold will increase amid declining ratings 9 countries
 downgrade debt of France and some European countries will not affect much of the world gold price movements.Precious metal commodities is precisely obtain the positive influence of Chinese demand for gold investors.

"Supported strengthen China's economy, an open record gold imports through Hong Kong," said analyst and trader of gold investment, Mulyadi Tjung, to VIVAnews, in Jakarta.According to Mulyadi, just before the downgrade announcement made on Friday, the euro was depressed and world gold prices had dropped.

However, due to the many forecasts of analysts and economists about the possibility of debt downgrades of European countries, gold prices went back up in Monday's trading, yesterday."Plus the statement of Greek Prime Minister who will stick with the European Union, on Monday the gold back up," he said.At the close of trading yesterday, gold prices in Singapore spot market rose 0.9 percent to U.S. $ 1,658.19 per ounce. The increase caused many investors to hunt for the precious metal.The rise in gold prices also dikerek by the performance data that China's economic growth rose from an estimated.While the United States, gold prices rose 1.7 percent to a level of U.S. $ 1658.80 per ounce in trading late last week.Mulyadi states, information about the data of China's economy is beyond expectations and is still showing growth above expectations, it raises expectations that demand for precious metals from China will remain high. "Gold prices will likely rise," he said.Currently, more Mulyadi, gold prices are technical, if you managed to break resistance exceeds U.S. $ 1,666, will try to test the level of U.S. $ 1,700 again"Should the volatility of the euro against the U.S. dollar will impact on the gold, but the market seems to expect the results of European finance ministers meeting later this month yielded positive results," he said.

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