The price of gold may be headed for a new record within six months. So believes the Canadian investment bank TD Securities, who sees the price reach $ 2000 per ounce as the new quantitative easing in the U.S. may increase inflation.
The Investment Bank indicates that the gold price pretty closely follows inflation expectations, which reached the highest level in 16 months after the Federal Reserve Thursday launched a third round of quantitative easing, this time by buying mortgage bonds.
The argument would be that investors buy gold to protect themselves against rising consumer prices, putting upward pressure on the price of gold.
Gold rose by 70 percent in two and a half years from December 2008. A year ago the price of gold reached its preliminary record of $ 1923 per ounce, which is equivalent to 386 per gram.
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