Sunday, December 26, 2010

Gold can long-term investments

The first half of this year, the gold market is in a Dallas City among the international gold price from $ 1,060 / ounce all the way up, and repeatedly breaking a record high, as the first half of the best investment market. However, all the way to skyrocket after the recent correction in the price of gold began to make the market worried about whether the value of the inflection point, which many industry sources, the fourth quarter of the high international price of gold will be consolidation, but
Showing high and volatile gold price since the beginning of this year, the gold market is looking up in a posture in the global investment market, to mid-June has exceeded $ 1,258 gold / oz. Although in July the European sovereign debt crises in the context of a sudden deterioration in the price of gold fell below the $ 1160, but entered in August, the gold market changed the tide rose again, August 19, New York gold futures rose again, to close $ 1,231.40 an ounce, or 0.3%, marking the highest level in 7 weeks and also once again boarded the long-lost $ 1,230 mark.
The continued strength of gold into the market to attract a lot of money, but at the same time, many investors began to worry that the current record highs, gold up in the end but also how long?

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