Saturday, April 13, 2013

Gold price plunges to lowest level since 2011

http://www.aljazeera.com/business/2013/04/2013412182259701800.html
Gold prices have hit the lowest price since 2011. The new low price came as a result of a US government report on friday that wholesale prices fell very low in march. Gold usually is in high demand when investors expect inflation to increase in the near future, and indications of price levels falling usually results in animal instincts to to sell gold and consequently prices to fall.

1 comment:

  1. I agree with this article. Gold is usually high in both price and demand. Such a low price of gold indicates that US interest rates could increase.

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