Gold price volatility

Fluctuating gold prices significantly last week after the price rose Tuesday to record 1088 as the dollar fell back and fell on Alariee to score in 1078 of his improvement in the conditions of the dollar after strong data the U.S. for a marked improvement in the U.S. gross domestic product Gross Domestic Product, which was much better than Expected.

Today, we are waiting for Sunday in the opening of the stock market to see if next week will be the same confusion?

Generally the whole vacate his mind, and Lord help us all.

Gold drops sharply with the high dollar

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.

The gold price fall under the influence of the high dollar and the International Monetary Fund's intention to sell quantities of gold

Two factors have led to the low gold price on Thursday:

1 - the price of the dollar against a number of currencies, reaching its highest level in 7 months.

2 - A declaration of the International Monetary Fund intention to put large quantities of gold for sale on the market.

The second news item in particular has led to a decline in the price of gold from the highest levels on Wednesday at 1126 to 1101 following the statement by the International Monetary Fund.

And analysts expect that the impact of these factors at the price of gold in the coming period, but not as big a situation in mind that gold has consolidated his feet against the dollar.

Tons of gold production in Egypt in two months

Egypt's total production of gold and silver during the past two months, just over a tonne, including 019 kilograms of gold and 011 kilograms of silver from a mine in southern Egypt diabetes only .. This was announced yesterday, Sameh Fahmi, Minister of Altbrool and Mineral Resources. He said the total investments spent for the development of diabetes mine production amounted to 7.1 billion pounds during the last period and had the effect of this production, which is more than what has been produced in Egypt from the gold and silver during the last century.

Strong expectations of continued high gold prices

There are two opposite sites identified gold price in the last period and is expected to continue to impact in the coming period:

The strongest factor is the continuing repercussions of the financial crisis and debt crisis, including Greece and large deficits in the budgets in many countries, prompting many investors to turn to gold as an investment is far from risk. Which led to the rise in the price of gold in the last period.

Working the weaker is the growing strength of the dollar as never seen before. This factor has led in general to curb the surge that has occurred in the dollar exchange rate, but compared to the first factor, this factor could not affect significantly to the price of gold.

In general, and due to not expect a significant change in these factors in the near future it is expected to continue rising gold prices.