Gold Prices Will Not Slump
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| Synonyms And Synonyms |
The high price of gold today raised fears the consumer when suddenly it would drop the price of gold.
Analyst PT Valbury Asia Futures Nico Omer explained that gold prices will fall if interest rates in developed countries increased significantly.
"Gold prices will only drop if interest rates in developed countries increased significantly," said Nico to Legal in Jakarta, Saturday (20/08/2011).
Not only that, which would make the price of gold dropped is if the budget deficits in developed countries is reduced.
But both of these are believed to Nico will not happen and yet he also believes the gold price correction will occur.
"These two things most likely will not happen, then I have not seen a big correction in gold prices," he added.
The high price of gold today, he added, making consumers reduce their purchases, but this will not make the price of gold is down.
"Demand for gold not only from the jewelry, but also from the central bank that recently more and more investors are buying gold and buying gold in the form of bars or coins," he concluded.
For information, the price of gold hit a record high in trading Friday, the USD1.836, 46 per ounce. This record will be influenced by investor fears of economic safety of the United States (U.S.) and the debt crisis of the euro zone.
Analyst PT Valbury Asia Futures Nico Omer explained that gold prices will fall if interest rates in developed countries increased significantly.
"Gold prices will only drop if interest rates in developed countries increased significantly," said Nico to Legal in Jakarta, Saturday (20/08/2011).
Not only that, which would make the price of gold dropped is if the budget deficits in developed countries is reduced.
But both of these are believed to Nico will not happen and yet he also believes the gold price correction will occur.
"These two things most likely will not happen, then I have not seen a big correction in gold prices," he added.
The high price of gold today, he added, making consumers reduce their purchases, but this will not make the price of gold is down.
"Demand for gold not only from the jewelry, but also from the central bank that recently more and more investors are buying gold and buying gold in the form of bars or coins," he concluded.
For information, the price of gold hit a record high in trading Friday, the USD1.836, 46 per ounce. This record will be influenced by investor fears of economic safety of the United States (U.S.) and the debt crisis of the euro zone.
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