| As before, the weak U.S. currency and may be the price of gold upward catapult. The ounce of gold currently costs 984.25 USD (688.48 EUR), the kilogram of the yellow metal is at 31647.78 USD (22.137,62 EUR) traded. In particular, speculative investors currently support the increase in the price of gold. Thus, at the COMEX, the net long positions by around 38,500 to 177,000 contracts and the increase since July 2008, the highest standard Regarding the sustainability of price increases are a result of this development analysts are still skeptical. While the gold stocks in the world's largest gold ETF SPDR Gold Trust rose by almost 16 tonnes to 1,134 tonnes and hence to a new record high risen, although it has been a good week a rather low growth. This in turn shows a lower interest long-term investors. The jewelry demand is also no support for the yellow precious metal supply. The Indian gold imports in May were about 10 to 15 tonnes less than half as high as last year. In the short term, only the U.S. Dollar is crucial for the further development of its gold price. If the dollar continues to lose value, it's only a matter of time when the mark of 1,000 USD per ounce can be broken. |