Gold rises but it seems short time

Gold rises, but it seems a short time

gold rose
to the highest level in the past
six weeks. Bullion for immediate delivery
increased 0.3% to 1250.35 per ounce
(Up to September 10), and by the middle
trading session in Asian trading on
1249.39 dollars. December futures for
gold increased by 0.5% to 1250.70 at Comex.
For the second day in a row gold
rose, while Asian
markets fell.

Last week
first July yellow metal showed
growth for the whole week: Dollar
falls, the markets too, reeling, and therefore
Investors flee to “safe” assets,
which it is nothing else than the old
good gold. However, this situation is not
It promises to drag on for a long time.

“While
as there is no information about when
the Fed will raise rates, investors are
still continue to expect that the October
meeting of the American regulator
will lead to the end of QE, both
and planned in advance. Wherein
US economic statistics continue
demonstrate the strengthening of the economy,
Europe and at the same time taking
unprecedented steps to mitigate
monetary policy. It’s all bound
will strengthen the dollar against the euro and, therefore,
the long-term downtrend
gold will continue in the future. ” it
point of views Runyu Zhu, analyst
CITICS Futures Com (China).

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