Gold finishes U.S.

Gold became very expensive

In brief: Gold prices are rising every minute, what else do you need to believe in might of gold?

Gold rises in price against the backdrop of an unstable dollar and the weakening positions of all types of raw materials. The first day of winter was more than a positive for gold. Gold prices zoomed past all records of this year to touch over $1,200 dollar an ounce in futures trading, as a weak dollar and rising commodity prices increased the precious metal’s appeal as a hedge against inflation.

Experts hope for future rising up to the critical point near 1250 dollar per oz. The precious metal in New York Mercantile Exchange for February delivery spurted by $18.20 to $1,200.50 an ounce in early trade, while gold for spot trading in London rose to $1,199.43, a level never seen before.

Ukranian Globalist
2009-12-01 17:50, Economics.

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