Gold Price Still Can See Through Records in 2011 to U.S. $ 1,550

No doubt the price of gold continues to climb due to the political crisis that occurred in the Middle East, particularly Libya. Where has now reached the level of U.S. $ 1,437.58 per troy ounce. According to the Chief Trainer PT Asia Trade Point Futures (ATPF) global komoditis market is still in a position to buy. This is due to fears of the Middle East crisis could disrupt global economic stability.

“There will be a gold price increase of about 10.7% from last year at U.S. $ 1,400-an-per troy ounce to U.S. $ 1,550 per troy ounce,” he explained at the Graha Niaga, Jalan Jenderal Sudirman, Jakarta, Wednesday (23 / 3 / 2011) night.

Kevin adds, fluctuations in gold prices in futures market during the next few months continue to occur even though the position will be reflected in the graph increase in 9 months. This is reflected in the position of gold trading on 7 March, reaching U.S. $ 1,455.05 per troy ounce and is now back down to the level of U.S. $ 1,437.58 per troy ounce.

“The prospect of gold the more promising,” says Kevin.
Projected increases in gold prices this year did not sefantastis 2010. He mentioned, this year investors began investing U.S. dollars, following the improving world economy. “The increase in U.S. dollar and gold will run linearly when the U.S. also has improved. At that time was inversely proportional, while people continue to buy gold distinction the U.S. dollar continues to decline,” he explained.