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August 07 2014


The price of gold Terdongkrak Strain Russia and America

The price of gold rose to the highest level in two weeks is probably reflected in the kawasaki European economic concerns and also tensions between Russia with the United States (US).

As written by The Wall Street Journal, Thursday (7/8/2014), the price of gold for December delivery rose US $ 22,90 or 1.8 percent to as low as US $ 1.308,20 per troy ounce.

It is the highest closing price sejal contracts conducted on July 21, and the largest increase registered in one day since June 19.

Italy again fell into recession for the third time since 2008. This makes the recovery of the economy in Harga Motor Ninja the European zone again stumbled. Italy gross domestic product fell 0.2 percent in the second quarter of this year.
The news stocks rising burden in the European region and make the price of gold soared as an alternative investment.

The Rally in gold prices continue to occur after Poland's Foreign Minister, Radoslaw Sikorski said that Russia's army is ready to conduct deeper pressure or attacked Ukraine.

The conflict in Ukraine and also in the Middle East which lasted for a few months to make the price of gold continues to soar. On Wednesday, Russia's President yesterday, Vladimir Putin signed a decree imposing restrictions on the import of agricultural materials from countries that sanction Russia.

"A weakening in the stock market and the conflict in Ukraine made some stock players choose to do the anticipation," explained Director of Kitco, Peter Hug.
Silver prices also suffered kenaikan1 percent to US $ 20.02 per troy ounce for the December contract. Gold and silver have a similar motion during this time because market participants see that there is a link between gold and silver.
Tags: gold news economy

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