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The following article was published in our article directory on November 10, 2010.
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International Gold and Silver Prices Strive to Create a New High

Article Category: Business

Author Name: xia zihui

Of gold and silver this week, as the representative of a collective outbreak of precious metals, gold prices hit a record high straight, broke through $ 1,400, while silver hit a 30-year high. Market that, according to the current momentum, the price of gold can also see the high line.

Tuesday midday in Europe, New York, December gold was up 0.7%, hitting a record high of $ 1,419, this is the price of gold for the fourth consecutive record high day. Spot gold also hit a record high.

Silver is also very active, spot silver rose in intraday trading on Tuesday in Europe nearly 2% to around $ 28.20, the highest since March 1980 a new high since. Belong to the precious metal palladium continued to refresh the 9-year high, marching toward $ 720. Driven by the family of precious metals, crude oil, copper and other commodity prices sharply higher Tuesday.

Analysts said precious metals recently, "high fever" has hot and cold both catalysts. "Hot catalyst" renewed from the euro zone sovereign debt crises in the past few days outside of Ireland and other European countries, the cost of soaring bond yields and default, the EU has been sent to Ireland from 9 to understand the financial situation of the country, outside fear could be the next Ireland Greece, which has stimulated risk aversion triggered buying precious metals.

"Cold catalyst" is determined from the Fed's policy of quantitative easing the implementation of the second environment, the latter weighed on the dollar, inducing "currency war", but also brought back the investor alert for the heart of future inflation, making gold, silver charm filling as a hedge tool. In addition, the World Bank on the implementation of the "improved version of the gold standard," the proposal, to some extent also pushed up the price of gold.

Heat from the precious metals market continued to surge in ETF positions can also be seen. Statistics show that so far this year, linked to gold, silver, palladium and platinum ETF products soared to 16,406 metric tons of positions, equivalent to about 65% of global output.

The face of bullish environment and the strong upside momentum, analysts continue to raise the price of gold and other precious metals is expected. UBS said in a report on the 9th, the three-month price target for silver is expected to raised to 30 dollars. Citigroup expects gold to rise about 20% of the next three years, rose to $ 1,444 next year.

Thomson Reuters latest survey, respondents most analysts and investment professionals believe that the strong gold price rally is likely to continue for at least 6 months.

About the Author: I am a editor, http://www.himfr.com provides sink water filters,faucet water filters,external hdd enclosure, welcome to visit!

Keywords: sink water filters,faucet water filters,external hdd enclosure,

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