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 The price of gold has risen above the $1,900 an ounce

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jukido



Number of posts : 96
Registration date : 2011-07-17

PostSubject: The price of gold has risen above the $1,900 an ounce    Tue 23 Aug 2:16

The price of gold has risen above the $1,900 an ounce mark for the first time on growing concerns about a slowdown in the global economy.

The precious metal rose 0.9% to $1,913.50 an ounce in Asian trade.

Fears of a slowdown in the US and the debt crisis in Europe have spurred demand for gold which is seen as a safe investment in times of uncertainty.

Analysts said that with further US monetary stimulus looking likely, gold prices could rise even further.

"For the time being investors are happy looking at gold as safe haven in these troubled times, and will continue to do so until we see something positive anfort myers florist
Extended Car Warranty
d sustainable." said Darren Heathcote of Investec Australia.
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