The Global Economic Crisis

The Global Economic Crisis

The Global EconomicCrisis in the last decadeis still concerning the ...More
The Global EconomicCrisis in the last decadeis still concerning theworld economy. However,gold, of all the preciousmetals, is considered tobe the most popularinvestment amonginvestors in the Forexmarket. The gold industry Less

The Global Economic Crisis

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The Global Economic Crisis in the last decade is still concerning the world economy. However, gold, of all the precious metals, is considered to be the most popular investment among investors in the Forex market. The gold industry
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he Global Economic Crisis in the last decade is still concerning the world economy. However, gold, of all the precious metals, is considered to be the most popular investment among investors in the Forex market. The gold industry is gaining strong momentum and rising continuously due to increased demand by investors, including major banks, high demand for the production of gold jewelry due to the increase and strengthening of the middle class in developing countries worldwide. With the political instability and financial crisis still being felt around the world, demand for trading gold continues to rise.

Gold as an investment is likely to yield profits especially among long-term investments. United States is the world's largest investor in the gold markets. On "Reuters" news it says "I think the macro situation doesn't seem to be improving and also we are getting closer to the fiscal cliff for the U.S.," said Phillip a Futures analyst with Lynette Tan, referring to massive U.S. government spending cuts and tax hikes due next year. "I expect gold investors to have this in mind, and their interest in gold as an alternative investment will still hold. If Bernanke disappoints, then we could see a slight sell off but I am not looking at gold to fall violently. Support is at about $1,620."

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Posted on: 05:49 PM - 28 Apr 13

The Global Economic Crisis
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The Global Economic Crisis in the last decade is still concerning the world economy. However, gold, of all the precious metals, is considered to be the most popular investment among investors in the Forex market. The gold industry
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