The gold price in euros has fallen below the threshold of € 1,000. Here, the gold price fell to € 991.61 per troy ounce (31.1 grams). The yellow Precious metal was so little worth as least 22 November 2010. Furthermore, to make the gold price in 2011, reinvigorated to provide € exchange rate.
Thus the European single currency climbed over the mark of 1.35 dollars and discounted to the charges paid in the U.S. monetary gold. American background in foreign exchange trading on Friday, the euro dollar exchange rate rose temporarily to 1.3574. The U.S. dollar prices were down to 73.67 euro cents. Benefiting
was the rise of the euro and the consequent falling gold price by the Ifo business climate. The Ifo index of German business continued the noise level of 109.8 and climbed to 110.3 points. The sub-index for the business expectations of the companies surveyed increased from 106.8 to 107.8 meters.
make market observers for the general falling trend in gold prices in 2011 particular the absence of institutional investors in charge. So a gold price is above the mark of 1,400 dollars per ounce as less attractive. The upside potential appears limited, and investors will find better investment alternatives, particularly in the equity markets.
The gold price in 2010 was of 798.50 € 1046.19 € climbed to between 4 January 2010 and 31 December 2010. Thus, the yellow precious metal more expensive to € 247.69 and was told an annualized Value increase in the amount of +31.02 percent.
appears Technically, a corrective movement is long overdue. The long-term uptrend remains in tact, however, and would only be circumvented with gold prices significantly below 900 €.
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