gold is so expensive as never before: The price of the precious metal climbed from record to record.
Because of the uncertainty caused by the riots in Libya, the price of the precious metal climbed on Tuesday in New York to a record high of $ 1,434.93 per troy ounce. In the morning the gold price slipped a bit from 1430 U.S. dollars.
was in February, the gold price already increased by six percent.
was in the course of the gold and silver prices rise more expensive, the price of an ounce was today at $ 34.47. Silver is also more expensive than ever before.
And, ending the rally not in sight: In the opinion of analysts expected the continuing protests in the Arab world continue to unsettle investors initially, thus reinforcing the flight to relatively safe investments such as gold.
The experts of the Swiss UBS, it now means that the price könnnte in the wake of political unrest in North Africa and the Arab world very soon reach $ 1,500 an ounce.
2010 was the price of gold within a year increased by about 30 percent, this was the tenth year of the precious metal price gains in a row. So long after the other since at least 1920, it was no longer up.
Source: www.handelsblatt.com
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