Gold has been trading above $600 an ounce since a week now , it is expected that it will go even higher with falling dollar after news of the US slowing economic growth . Gold has had a 6.1 percent rise since October 23rd.
When you look at the yearly rise Gold has risen 19 percent , whereas the dollar has declined more than 7 percent against the Euro.
There have been analysts who say that the Gold may trade easily between $570 to $630 , the volatility seems wide unless the interest rates are not reversed by the US and the European countries.
Therefore , I feel that the Gold will definitely see a rise with the drop in dollar.
When you look at the yearly rise Gold has risen 19 percent , whereas the dollar has declined more than 7 percent against the Euro.
There have been analysts who say that the Gold may trade easily between $570 to $630 , the volatility seems wide unless the interest rates are not reversed by the US and the European countries.
Therefore , I feel that the Gold will definitely see a rise with the drop in dollar.
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