Gold Price Month
willl the price of gold rise or fall in the next few months and WHY!? i usually like to put my opinion but?
i have no idea, i dont know how they figure the price of gold, what its based on, or anyhing.
I think it will stay flat to positive. Gold is considered one of the safest investments and is a currency hedge of sorts. More importantly in times of economic slowdown investments that are considered more secure tend to outperform. I do believe that we will see a downturn in the domestic markets going forward and with the increased demand for hard commodities by China (as they prepare for the 2008 Olympics) and other emerging market countries will continue to support the outperformance. Also keep in mind that China has approximately $1 trillion in liquidity reserves predominently in US currency. They are likely to diversify additional reserves into other secure commodities/currencies like gold. Hope that helps!
Gold price appreciation by month
