Sunday, January 10, 2016

investing in gold:Gold awaits the return of real demand if the dollar continued decline in global markets

investing in gold: Response of gold last week with the depreciation of the US dollar so was able to achieve good gains to reach its highest price since November last year, where it touched US $ 1112.20 level per ounce before the start of profit-taking, which made him close at $ 1103.90 after it had fallen to a price of $ 1092.30 an ounce .
The expert analysis remains conservative somewhat higher gold so that they indicate that the rise is still a limited market expected demand the return of a genuine, as the recent moves according to their expectations only rely on the weakness of the US dollar and only in case illustrates the tendency real downside for the dollar gold will turn into a positive trend the medium and long term and the short term, the yellow metal might target level of $ 1118 with a breakthrough level of $ 1110 per ounce with the continued rise according to their expectations, and the other side will turn oriented to negative with falling gold to below $ 1080.