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Weekly gold market review, 07.01.2015

Weekly gold market review, 07.01.2015

 

Summing up the preliminary results, it was found out that the demand for gold in the world increased last year. Gold mining companies sought to meet the increased demand and mined more gold than in 2013. Together with the demand, the price of gold also grew.

 

It is important to remember that the price of gold was and will be positively affected by the following factors:

  • potential weakening of the US dollar

  • trend of last 10 years during which the price of gold soared from $ 400 to $ 1200

  • increase in gold mining production’s cost

  • people's desire to secure and increase the accumulated funds

  • higher production of jewelry

  • growing importance of gold in medicine, industry and science

  • rapid growth in investment demand

 

During the last days of 2014, the price of gold stabilized at $ 1,195. The market was weak under the influence of the strong dollar and a growing stock exchange market.

Many investors and experts predicted that the year 2014 would be weak for the gold market and the gold prices would fall below $ 1,050 per troy ounce. However, their concerns disappeared soon. The price of the yellow metal was at the level closed to $ 1,200 at the end of the year.

 

If it is taken into account the gold rate in euro, on January 5, 2015, the price of gold rose above EUR 1,000. It was an important signal for the gold prices that means the increase in the value of the yellow metal in euro. It was the first time since September 2013. Moreover, on January 6, the price of gold was already EUR 1,017. If compared with 2014, the price of gold in euro increased by 9%.

 

Experts also associate the increase in gold prices in 2015 with a sharp growth in the demand for investment gold, as well as with people's understanding in respect of the eternal values. People started to lose confidence in paper money and turn to a stable and reliable asset. According to experts, the price of gold will gradually rise this year, so now it is the best time to buy gold.

 

The customers of the Emgoldex company take advantage of the moment. They buy gold in the online store of the company under the most advantageous conditions to preserve their capital, and earn a steady high income through the bonus program of the company, by recommending investment gold bars to other people.

 

To buy gold, welcome to the Emgoldex online store.

 

Share this important information with others so more people will learn about this excellent opportunity to preserve and increase their income by buying gold in the online store of Emgoldex.

 

 

Category: Gold news      Publication date: 2015-01-07 12:55


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