Tuesday, May 27, 2014

Gold prices slumped World Back

After two months afloat , the gold price has now sunk back down . Gold futures in New York reached a 15-week lowest price because investors choose stocks .

The drop in the price of gold was removing price increases could be created at the beginning of the year , when tensions Russian and Ukrainian arguing .

Besides the price of gold rose while known to exist due to the economic slowdown in the U.S. winter .
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Goldman Sachs Group Inc. and Societe Generale SA predicts , metal prices will decline 28 percent in 2013 ago.

Currently the price of gold has dropped 9.1 percent after reaching the highest position in March this year .

" I do not see any reason for the rise in gold prices higher , " said James Shelton , chief investment officer of Kanaly Trust Co. in Houston .

He said the current investors prefer stocks . " Unless there will be a sudden inflation heats up , I would bet on lower gold prices , " he said .

Gold futures in New York yesterday, the price touched 1263.40 U.S. dollars per ounce , the lowest price since February 7 . The price of gold is down 2.3 percent since May.


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