Active debates about changes of the gold price
This week will be no exception for price movements in the gold market. As it was in previous weeks, the situation in the global economy and the difficult political situation in the world will continue their impact on the gold price.
According to the business portal Kitco News, these two factors may affect the price of the yellow metal in two directions. Risks between the lower price and high potential for growth may be equal, and then the price of gold will remain in the current range.
On Monday, September 1, the United States celebrated Labor Day, a national holiday. Due to this event, it was a day off for all the financial and government institutions, as well as for commodities markets and stock exchanges. On Friday, the price of gold fell slightly, the stock exchange Comex traded December futures contracts in a range of 1,290.40 dollars per ounce. The yellow metal lost 0, 8% of its value for the past week.
Kitco News has conducted a survey with 22 investors and analysts of the gold market. According to the survey results, the majority of respondents, 9 people, that is 40, 9%, gave a positive forecast towards the increasing in gold prices this week. 6 respondents, 27.3%, predicted a decrease in prices and 7, which corresponds to 31.8%, did not expect significant price corrections.
The clients of the Emgoldex company, which occupies a leading position in the market of the gold business, remain calm about the forecasts for gold prices. Emgoldex always provides its customers with the best and most favorable prices in the online store of the company. Visit the online store of Emgoldex and see for yourself.
Category: Gold news Publication date: 2014-09-03 09:45
|Gold Fixing | Price History|