Monday, January 17, 2011

Gold Price Review | 17 January 2011

Gold Price Review | 17 January 2011

Gold futures’ quotations have fallen to the weekly minimum on COMEX while the markets’ stability decreases the attractiveness of this metal as a secure asset. Following COMEX session gold futures’ quotations with the supply in February have fallen in 26.50 US Dollars or 1.9% to 1360.50 US Dollars for the troy ounce.
January futures have also decreased by 26.50 US Dollars to 1360.0 US Dollars. The gold
lacks certain guidelines while the investors are hesitating between the optimism and concern regarding the world economy.

Gold is considered to be a shelter-asset as it is not closely allied with the industry in comparison with other assets like oil, copper and shares. This status stipulates investors’ purchases as they want to insure against the economic or political instability. Last year gold price reaches the record-breaking maximum at the time when recovery of the world economy was disputed and situation with the Europe debts was a matter of concern. Read more