Gold was at record prices just days earlier
San Francisco, CA -- (SBWIRE) -- 09/10/2012 -- Just last Tuesday, the prices of gold rested on the highest level that they have been in the past six months. This was due to the increased liquidity input by the U.S. Federal Reserve, which ensured that the dollar was much lower than the Euro.
Chairman, Ben Bernanke, stated that the central bank could possibly lean towards different policies and rules to ensure the prevention of high interest rates. This will evidently result in an increase on assets like stocks and everyday commodities purchased by people.
Investors are now considering holding more gold than they did before and the European Central bank is looking to impose policies to reverse the euro debt crisis. This has given the European currency a much needed high, causing gold prices in Eros to rise as well.
Moreover, spot gold even rose in value by almost 0.3% and was approximated at around $1,100 per ounce. Researchers have said that there are chances of different strategies for ECB and the Federal bank which could either freeze or decrease the prices.
Gold is not the only important thing in the market right now, as other metals are also taking the lead with respect to prices. And for gold prices to stay low, it really needs and expansion in the balance sheets too. When concepts are observed low rates of borrowing ensure that gold stays at low prices. In 2012, the increase in gold values has marked its twelfth yearly increase, putting amongst the top few such trends.
The value that gold assumes in the future is highly dependent upon the steps taken by the Federal Bank. Similarly, the prices of other metals are also observed to reveal the trends. Broadly, the prices of platinum and palladium also rose by various percentages. Over the past two weeks, silver prices have risen by around 10% and are expected to rise further as well.
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