Safe haven: gold is making a comeback – THE WORLD

For the investors, the fear is spreading: The share prices are plummeting out of concern for the world economy. Investors will be looking In times of distress in the financial market protection – and buy gold. While the price of gold had barely moved over the past year in phases, he laid since the beginning of the year in the top around 13 percent and reached earlier in the week at 1200 dollars per troy ounce (about 31.1 grams) of the highest level in eight months.

“investors are looking for the face of growing concerns about the economy, crashing stock markets and falling bond yields refuge in the safe haven of gold,” said commodities expert Eugen Weinberg of Commerzbank in the recent price increase. Similarly, the economist Vyanne Lai from the National Australia Bank in Melbourne expresses: “The recent escalation of uncertainty on the financial markets is accelerating the demand for safe havens ports and that includes the gold.” The question now is whether it remains high going for gold. “As long as the factors mentioned above will continue to prevail, gold is likely to continue to soar,” said Commerzbank expert vineyard. Also for commodity specialists Gabor Vogel by DZ-Bank, a further rise in gold prices in the short term is not excluded.

In the medium has in the opinion of bird image on gold market but not changed. Despite the recent devaluation of the expert sees the dollar as further relatively highly rated and therefore still considered a negative factor for the gold price. Because gold is traded in dollars and an increase in value of the US currency makes the precious metal more expensive outside the dollar area and so slows demand. In addition, according to estimates by Vogel stressed the prospect of rising interest rates in the US the price of gold over the medium term.

bird goes assuming that the load factors in the further course of the year even more back to the fore, and the price of gold should burden sustainable. “We expect the year at a gold price of about 1000 dollars,” said the expert. The expert DZ Bank shows significantly more pessimistic than many other professionals. Many analysts expect the end of the section with a gold price of 1200 dollars.

Readers are hidden.

// The following are highly recommended additional parameters. var disqus_identifier = 152095495; // article id where comments used var disqus_url=’http://www.welt.de/print/die_welt/finanzen/article152095495/Sicherer-Hafen-Gold-feiert-ein-Comeback.html’;//article url where comments used function disqusAd (e) {var s2 = document.createElement ( ‘iframe’); s2.src = “http://appc.welt.de/static/welt/2012/pa-anzeigen/anzeige.html”; s2.width = 620; s2.height = 100; s2.style.overflow = ‘hidden’; s2.scrolling = “no”; s2.style.border = “none”; $ (E) .parent () append (s2). s2.scrolling = “no”; } Var dsqcounter = 1; / * * DO NOT EDIT BELOW THIS LINE * * * / $ (document) .ready (function () {(function () {var disqusSsoEnabled = false;! Var experimental mode = $ .cookie ( ‘BIGP_EXPERIMENTAL’); if (experimental mode) {disqusSsoEnabled = true;} if (disqusSsoEnabled) {window.disqusid = $ .cookie ( ‘disqusid’); window.disqus_config = function () {this.sso = {name: “Login” button: “http : //img.welt.de/skins/welt/gfx/disqus_login.png “, url:” https://ssl.welt.de/user-web/disqus/login.jsp “logout:” https: / /ssl.welt.de/user-web/disqus/logout.jsp “width” 500 “height:” 500 “}; if (window.disqusid) {window.disqusid = window.disqusid.replace (new RegExp ( “. “, “g”), ‘=’); window.disqusid = window.disqusid.replace (new RegExp ( “_”, “g”), ”); this.page.remote_auth_s3 = window. disqusid; this.page.api_key = ’8JmKKMV2FgF5OgVCye4P0v3Q9aJK8eQOZ6VtqjfLaMgTzrNy465erNMGjGFhbW2X’; }}; }} ()); (Function () {var = document.createElement dsq ( ‘script’); dsq.type = ‘text / javascript’; dsq.async = true; dsq.src = ‘http: //’ + disqus_shortname + ‘.disqus. com / embed.js’; if ($ .cookie ( ‘ASsocialOptout’)! = ‘true’) {(document.getElementsByTagName ( ‘head’) [0] || document.getElementsByTagName ( ‘body’) [0]) .appendChild (dsq);} else {$ ( ‘.disqus .optoutSocMed’) html (optoutHTML) .show ();.}}) (); var = {wDisqusCfg disqussion: true}; asms.extend (asms.config, “wDisqus” wDisqusCfg); asms.general.ece.widgets.disqus.init (asms.config.wDisqus); }); blog comments powered by