Gold Price

Gold sparkles again. Official price of gold bullion production of one company in the field of gold processing, Friday (14/9), reached 61,789 U.S. dollars per gram.

The price of gold bullion weighing 1 gram in the company rose 2.09% compared to the previous day's price. Price was also a new record high this year. If calculated from the beginning of the year, gold prices have risen types of 8.74%.

Certainty third phase of quantitative easing (QE3) by the Federal Reserve (the Fed), last weekend, complete engine driving the price of gold. Earlier, gold rose stimulus announcement from the European Central Bank (ECB) for the euro zone.

Harvest International Futures analyst, said the rising price of gold bullion 1:26 U.S. dollars per gram, last weekend, according to the trend of the price of gold futures contracts.

Gold futures for delivery in December 2012, on the Comex Exchange, up 1.85% for the week, to U.S. $ 1,772.70 per ounce troi.

Motion gold opposite direction to the U.S. dollar. Popularity of the greenback slumped as QE3 means the number of dollars in circulation increases. Declining value of the U.S. dollar because of the authority of the Fed intends to maintain low interest rates until mid-2015. Gold is attractive as a hedge.

He suggested, gold is still fit as a long term investment. "Prices could still go up. Prediction of gold prices in the short term ranges from U.S. $ 1,752 to U.S. $ 1,787 per ounce troi. At the end of the year, the gold price could rise U.S. $ 1,900 per ounce troi.

Price movement of gold bullion production of one of the companies in the processing of gold, in addition to the world gold price trend is determined, it also depends on the exchange rate of foreign currencies against the U.S. dollar. If the foreign currency tends depressed, bullion prices could rise above 68.42 U.S. dollars per gram, at the end of the year.

One analyst at Monex Investindo Futures, warned, there is also the possibility of gold corrected. Last year, gold had corrected enough in September.

Gold price could rise to U.S. $ 1,860 per ounce troi, until the end of the year. At that level, Antam's gold could rise about 68.42 U.S. dollars per gram.