The latest breaking news
Investors started buying gold as the fears of the European debt along with the concern that the US Government might default. This resulted in the gold prices touching $1600 an ounce on Monday. Copper is 14 per cent higher now than it was in May, when copper prices were $8,504.50 a ton. Analysts expect it to be close to February price of $10,190 which was a record price.
Do you feel it left it too late to buy gold? Maybe you do, since the price of gold has breached the $1600 per ounce this week. Experts say that gold will touch $1625 per ounce in the next fourteen days and might hit $1700 per ounce by the year’s end.
You really have to know when to buy gold and when to sell gold to make money in this market. There are many factors which influence the fluctuations in gold prices which in turn will motivate you to either buy gold or sell gold.
The dramatic rise of gold prices have baffled and confused many people and many think twice before they plan to buy gold, as it no longer seems to be a profitable option. However, several reasons still point to the fact that the prices of gold would continue to rise by leaps and bounds and people who buy gold would certainly reap profits.
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