The gold price on world markets has updated the historical maximum, set last week, rising to $ 1816.4 per ounce. Investors are buying the most secure assets, because they do not believe in global economic recovery. Against this backdrop, experts expect growth of quotations of up to $ 2,000 per ounce.
After a week's downturn in the market of precious metals at today's auction, the price of gold has exceeded the $ 1,800 per troy ounce. According to Reuters, by 16:00 Moscow time in the spot market quotations of precious metal reached a level of $ 1816.41 per ounce - a new historical record. This is 1.6% above the close environment, and more than 28% higher than the beginning of the year. Only in the last month and a half after the agency Moody `s has translated into Portuguese government bonds category of" garbage ", the price of gold rose more than 20%.
Investors buy gold again, as the low evaluated the prospects for recovery in global growth. Such fears intensified after the two representatives on the eve of the U.S. Federal Reserve (Fed) questioned the applicability of the quantitative easing policy for the world's largest economy (USA) (see today's b-Online). "The market is hoping that, as before, the Fed will solve economic problems by printing money opportunities. Hence the words of its representatives have provoked reduction in risk appetite and increased demand for protective assets such as gold, "- noted the director Dmitry Simargl Capital Garden.
The experts also one of the largest U.S. commercial banks - Morgan Stanley - have lowered forecasts for world GDP growth in 2011-2012 due to "inadequate" response to the European authorities debt crisis of the euro area, reducing investor confidence in the economy of the region, as well as a serious effort to consolidate the budget in some states. The forecast for the current year revised from 4.2% to 3.9% in 2012 - from 4.5% to 3.8%. According to experts of the bank, financial difficulties of the largest economies in the world, as well as increased volatility of markets led to losses in the trillions of dollars. At the same time slowing economic growth in Germany and the U.S. have a negative impact on investor confidence. "There is a belief that all these problems indirectly play into the hands of gold. The point is the effects that these factors have to exchange. Market participants have come from them and buy gold, - told Reuters the head of metals sales ANZ Peter Hilyard .- I am one of those who believe that gold is moving to around $ 2,000 per ounce. The fundamental causes are not changed, everything else trust few. "
After a week's downturn in the market of precious metals at today's auction, the price of gold has exceeded the $ 1,800 per troy ounce. According to Reuters, by 16:00 Moscow time in the spot market quotations of precious metal reached a level of $ 1816.41 per ounce - a new historical record. This is 1.6% above the close environment, and more than 28% higher than the beginning of the year. Only in the last month and a half after the agency Moody `s has translated into Portuguese government bonds category of" garbage ", the price of gold rose more than 20%.
Investors buy gold again, as the low evaluated the prospects for recovery in global growth. Such fears intensified after the two representatives on the eve of the U.S. Federal Reserve (Fed) questioned the applicability of the quantitative easing policy for the world's largest economy (USA) (see today's b-Online). "The market is hoping that, as before, the Fed will solve economic problems by printing money opportunities. Hence the words of its representatives have provoked reduction in risk appetite and increased demand for protective assets such as gold, "- noted the director Dmitry Simargl Capital Garden.
The experts also one of the largest U.S. commercial banks - Morgan Stanley - have lowered forecasts for world GDP growth in 2011-2012 due to "inadequate" response to the European authorities debt crisis of the euro area, reducing investor confidence in the economy of the region, as well as a serious effort to consolidate the budget in some states. The forecast for the current year revised from 4.2% to 3.9% in 2012 - from 4.5% to 3.8%. According to experts of the bank, financial difficulties of the largest economies in the world, as well as increased volatility of markets led to losses in the trillions of dollars. At the same time slowing economic growth in Germany and the U.S. have a negative impact on investor confidence. "There is a belief that all these problems indirectly play into the hands of gold. The point is the effects that these factors have to exchange. Market participants have come from them and buy gold, - told Reuters the head of metals sales ANZ Peter Hilyard .- I am one of those who believe that gold is moving to around $ 2,000 per ounce. The fundamental causes are not changed, everything else trust few. "
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