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Expert. . Shortage of supply and the resumption of the procurement funds to pay gold for stability
April 21, 2013 10:32 PM Last Updated: 21 Apr 2013 10:32
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The executive director of the Company (alloy Kuwait) to trade precious metals Recep Hamid today that the price of gold stabilized at the level of $ 1400 dollars per ounce due to lack of supply and the resumption of investment funds for acquisitions at the end of last week. , adding that the stability of prices on the level of $ 1,400 within the next week " means that there is a general trend to higher demand and thus the rise ounce gold again around 1500 dollars. " and pointed out that the forecast says that the stability of the current price could be just a correction due to the succession of landings during the past weeks "and profit taking would be the largest contributor to the decline in price if ratified those expectations. " said Hamid said there مخاوفا investors to reach the price of gold to $ 1,300 per ounce "and this a possibility by 30 percent, according to statistics trading is any news negative for the dollar or U.S. markets will support this trend." He explained that the main reason for any rise of gold in the foreseeable future will be conditional upon pressing the prices by buying the actual performed by gold dealers and factories, gold ornaments around the world "and this is the main supporter of prices now." Meanwhile, World Gold Council said in a statement posted on the its website that the main reason for the descent of prices sharply last week, is the behavior of speculators in the futures markets "Venzerthm short-term profit-taking quick contradict the outlook for long-term investors true." he said in a statement to KUNA that the Council that it "appeared clearly through buying spree massive gold, which was launched over the weekend and has accelerated in the wake of landing additional prices on Monday and traders see it an opportunity to buy gold prices not seen in the past two years. " The World Gold Council that follow closely the reactions of markets witnessed a shortage of bullion and coins to the order, which indicates that buyers are willing to pay higher prices than the spot price for the precious metal after falling prices sudden. monitor the more reason for the collapse of the price of gold, including the one banks sell tally of 125 tons and the prospect of Cyprus to sell her gold, which hit the largest investment banks panic and try to get rid which has a yellow metal with succession descent prices.
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April 21, 2013 10:32 PM Last Updated: 21 Apr 2013 10:32
Send to a friend Print Share Font
The executive director of the Company (alloy Kuwait) to trade precious metals Recep Hamid today that the price of gold stabilized at the level of $ 1400 dollars per ounce due to lack of supply and the resumption of investment funds for acquisitions at the end of last week. , adding that the stability of prices on the level of $ 1,400 within the next week " means that there is a general trend to higher demand and thus the rise ounce gold again around 1500 dollars. " and pointed out that the forecast says that the stability of the current price could be just a correction due to the succession of landings during the past weeks "and profit taking would be the largest contributor to the decline in price if ratified those expectations. " said Hamid said there مخاوفا investors to reach the price of gold to $ 1,300 per ounce "and this a possibility by 30 percent, according to statistics trading is any news negative for the dollar or U.S. markets will support this trend." He explained that the main reason for any rise of gold in the foreseeable future will be conditional upon pressing the prices by buying the actual performed by gold dealers and factories, gold ornaments around the world "and this is the main supporter of prices now." Meanwhile, World Gold Council said in a statement posted on the its website that the main reason for the descent of prices sharply last week, is the behavior of speculators in the futures markets "Venzerthm short-term profit-taking quick contradict the outlook for long-term investors true." he said in a statement to KUNA that the Council that it "appeared clearly through buying spree massive gold, which was launched over the weekend and has accelerated in the wake of landing additional prices on Monday and traders see it an opportunity to buy gold prices not seen in the past two years. " The World Gold Council that follow closely the reactions of markets witnessed a shortage of bullion and coins to the order, which indicates that buyers are willing to pay higher prices than the spot price for the precious metal after falling prices sudden. monitor the more reason for the collapse of the price of gold, including the one banks sell tally of 125 tons and the prospect of Cyprus to sell her gold, which hit the largest investment banks panic and try to get rid which has a yellow metal with succession descent prices.
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