First months crucial for Gold in 2013
Gold investments would remain as one of the most profiatble asset for investors this year, according to analysts from Bulgarian global stock and commodity markets.
Gold investments would remain as one of the most profiatble asset for investors this year, according to analysts from Bulgarian global stock and commodity markets.
Gold will most probably hit $2000 this year along with that of equities and the Euro,the head of the analyst team at"Elana Trading" Tsvetoslav Tsachev said.
This opinion is partially supported by Jordan Kaloyanchev,the global markets broker in the investment company"Carol", who said that gold will continue to be an attractive investment instrument as many players are speculating on a long-term upward trend in the price of the precious metal.
This however may also indicate that capital has started to migrate from gold investments to some more promising and profitable stock markets, the analyst at "Elana Trading" added.
According to Kaloyanchev, the first months of 2013 will be crucial as the price of gold did not rise despite the risk appetite of investors and the fall of the dollar.
The first few months may even bring a decline in the price of gold to just above $1,500, he added.
Sumber : Google
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