The gold price trend has increased over the mark of 1,400 dollars per ounce. On the cash market price of gold reached a multi-week high at $ 1,403.75. This cost the troy ounce (31.1 grams) as much as last on 4 January 2011. In addition, the gold price is very close to the record price of $ 1,425.15, which on 7 December 2010 had been achieved.
particular, the unrest in Libya, play where civil war conditions, has obviously the gold price movement helped to further boost. Security-oriented investors are buying again in a higher extent the yellow precious metal, also protect themselves from rising commodity prices.
The oil price climbed to the North Sea Brent crude for delivery in April 2011 at $ 105.08 per barrel (159 liters). The black gold is currently more expensive than in October 2008 no more and whipped the petrol and diesel price up. The lighter crude oil of U.S. West Texas Intermediate (WTI) rose to $ 93.74 a barrel.
inflation fear
Overall, the gold price performance in 2011 still have work to have up your sleeve. Besides the political unrest in North Africa and the Middle East, rising inflation appears to be a problem this year. Thus, the annual inflation rate in the euro area at 2.4 percent in January 2011, thereby exceeding the target set by the European Central Bank (ECB) of two percent.
The inflation falls more quickly than anticipated and led investors to put on the gold price movement. In addition, the instruments appear that the ECB are available to be unsuitable in the short term to stem the increase in consumer prices. An increase in the benchmark interest rate tends to have with a delay of six months.
In the United States monetary policy of the U.S. Federal Reserve extremely expansive. Due to the weak employment growth Fed watchers expect a rate hike until 2012. Overall, the gold price movement in dollars has the potential to overcome the mark of $ 1,500 per troy ounce in the coming months.
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