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JAKARTA, By the closing years, the gold seemed never tired of new price record. Up at 19:00 yesterday (3 / 12), the price of gold contracts on NYMEX Comex division of the United States (USA) has stepped rate per 1219 U.S. dollars troy ounce.
At least, there are two fundamental factors that cause the price of gold so berkemilau. First, the action of gold purchased from retail investors and the state. After China and India, a small country such as Pakistan's foreign exchange reserves to replace part of the U.S. dollar into gold.
"The detection of more than a ton," said Martono, Marketing Manager Bloomberg TV, yesterday. And if you want to browse, many countries and thousands of retail investors who have pocketed the gold.
Second, the weakening U.S. dollar exchange rate. These conditions resulted in cost-based gold buying U.S. dollars more expensive. Yes, the U.S. dollar exchange rate had fallen because investors use the greenback as the carry trade action.
The investors take advantage of low U.S. interest rates, and divert it to the commodities, including gold. "These conditions resulted in gold prices continued to strengthen over the next few months," said Nico Omer Jonckheere, Vice President Valbury Asia Futures.
Although gold prices started experiencing saturation buy (overbought), analysts do not see the potential for a bubble or the fall of gold prices. Therefore, when comparing the rate of inflation each year, gold prices far below the ratio.
In comparison, the price of gold in 1980 was 850 U.S. dollars per troy ounce. If followed inflation until 2009, should the price of gold reached 2300 U.S. dollars per troy ounce. "Every percent increase in inflation followed by an increase in gold prices the same," said Martono.
Nico predict, the price of gold will continue to strengthen until 1350 U.S. dollars per troy ounce in the first quarter of 2010. "The price of gold had dropped in the second quarter 2010," he added. Measure of price movements of gold is the strengthening or decrease the U.S. dollar.
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