World Gold prices have
decreased sharply until recorded more than US $ 40 per troy ounce on
Wednesday (9/5/2012) of the high level session yesterday. Precious
metals also recorded the lowest level since the beginning of the year
2012 and broke an important level of $ 1,600 to the range of $ 1587.83. This is triggered by a strengthening of the u.s. dollar, amid continued fears of political upheaval in Europe. Dollar
continues to gain experience since the beginning of the week as
investors continue to seek assets that are considered less risky or
after elections safehaven weekend in much of continental Europe.
The
election resulted in the defeat of President of France Nicolas Sarkozy
and deliver a victory his rival Francois Hollande Socialist. While
in Greece, parliamentary elections resulted in a major defeat for the
main parties, who are struggling to form a majority. Consequently,
strengthening the dollar finally hit a number of products a commodity,
because it makes the berdenominasi dollar these products become more
expensive for holders of other currencies.
Posted in: Chaotic Europe Burn Their Precious Metals