The gold takes the relief of the oil
21-02-2008 newspaperThe yellow metal accumulates a revaluation superior to 16 % in what it goes of year after 31 % has been revalued in the set of 2007 like reflex of the weakness of the dollar and the strong increase of the inflation in the United States.
In this sense, the Federal Reservation published his new estimations for the economy of the USA that show a growth expectation in 2008 of between 1,3 % and 2 %, half a point below the projections realized in October, while the inflation prognosis was raised three tenths, up to a pitchfork of between 2,1 % and 2,4 %.
Also, also they contribute to the climb of the gold the problems of energy supply registered in the South African mines, which they represent about 10 % of the world production of gold and close to 80 % of that of platinum.
THE GOLD MIGHT REACH 1.000 DOLLARS THIS YEAR
The price of the gold does not seem but to have begun his climb, in accordance with the put consensus of consulted analysts, that the "traders" think that probably the precious metal will reach the barrier of 1.000 dollars in the present exercise.
In this sense, Derek Dobrowolski, of Express Futures, bets why the quotation of the precious metal will reach and overcome 1.000 dollars for the sum of factors like the weakness of the dollar, the increase of the oil and the real estate crisis in the USA.
For his part, Gian Espejo of CGI Financial thinks that the objective price of the golden ounce might come to a maximum of up to 1.121,10 dollars.
21-02-2008
