Sunday, October 11, 2009
Price of Gold in Dollars (Record High), Euros (-10%), and Yen (-10%)
The price of gold closed at record highs today exceeding $1,040 per ounce throughout the day. While gold is at record highs in dollar terms, the commodity is still down 10% from its highs when priced in Euros and Yen. As shown in the charts, the price of gold is up considerably over the last five years, but the recent run has only been strong in dollar terms. This indicates that the strength is solely a function of a weaker dollar rather than any real pickup demand
**P/s : Adakah bermaksud harga emas naik ini hanya bersifat semantara?
Posted by Sax-Gold Ent at 20:27