World Gold Prices Print New Records. Earlier, gold prices set records in the London market Buillon at U.S. $ 1283.97. World price of gold touched the highest prices at the level of U.S. $ 1,283 per ounce. The increase is thought to result from the plan of the Central Bank of the United States, the Fed, which will increase the circulation of money before the end of this year.
"Markets expect the Fed will increase the circulation of money before the end of this year to defend the United States economy," said Neil Mackinnon analyst at VTB Capital, as quoted on page Telegraph, Saturday, September 18, 2010.
Earlier, gold prices set records in the London market Buillon at U.S. $ 1,283.97 last price at which the previous level of U.S. $ 1280.95.
"Typically investors will buy gold when there are problems in the market, but it is happening now because of inflation concerns and follow-up of the Fed, technically this triggers the gold price rises," said Managing Director of Grubb Marcuss investment.
He added that China continues to increase its gold reserves also increase the appreciation of the renminbi or yuan against the U.S. dollar.
Not only was the high price of gold is also supported by the purchase of 10 tonnes of gold by central banks in Bangladesh from the International Monetary Fund. "This confirms that the gold reserves of foreign exchange reserves are the focus at the macro and financial climate," he said.
He was the news about the fund raising menambahkam obtained the largest gold producer in Africa amounted to U.S. $ 1.53 billion through stock and convertible bonds in order to cancel the value of the gold hedge engenders trust in the market.
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