Gold fell to its lowest level in 3 months, hit by high dollar, Is it down to gold as a means of alternative investment.
Similarly, the euro fell against the dollar to its lowest level in three months.
Said Tom Square financial expert group to Asli America Chicago that this is just the beginning! And that the dollar would not only this, and that gold will drop 20 or $ 40 dollars again before people start to rectify the situation.
Yesterday the price of gold rose 4.4% and the highest percentage fall since the first of last December and at the same time increased the U.S. dollar against the euro by 1.2% and is forecast to drop the price of gold to gold to $ 800 an ounce before because the exhaust of the U.S. economy and its means for the recovery of Itself.
And more than gold is the collapse of the tendency of some investors to sell for fear of increasing loss.
Generally already worrying situation and the future is not clear at all and risk is high. After that the expectations for a rise in the price of gold to $ 1500 with the last quarter of this year 2010 reversed now and expectations for a low price to less than half the previous forecast any to $ 700 an ounce, and Lord Lester.
Similarly, the euro fell against the dollar to its lowest level in three months.
Said Tom Square financial expert group to Asli America Chicago that this is just the beginning! And that the dollar would not only this, and that gold will drop 20 or $ 40 dollars again before people start to rectify the situation.
Yesterday the price of gold rose 4.4% and the highest percentage fall since the first of last December and at the same time increased the U.S. dollar against the euro by 1.2% and is forecast to drop the price of gold to gold to $ 800 an ounce before because the exhaust of the U.S. economy and its means for the recovery of Itself.
And more than gold is the collapse of the tendency of some investors to sell for fear of increasing loss.
Generally already worrying situation and the future is not clear at all and risk is high. After that the expectations for a rise in the price of gold to $ 1500 with the last quarter of this year 2010 reversed now and expectations for a low price to less than half the previous forecast any to $ 700 an ounce, and Lord Lester.
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