Gold Breaks $ 1700 an ounce for the first time in its history in the trading markets in Asia
(KUNA) - The price of gold continued to break records by scoring 1715 U.S. dollars per ounce during the morning trading Asian stock markets today as Singapore and Hong Kong in a clear indication on the flight of investors into the so-called "safe haven".The head of the Department of alloys with a group (Emerald) Recep Hamid said the price of gold began trading this morning in the stock exchanges Asia on the price of 1683 dollars per ounce, and jumped more than $ 25 to hit a new record in 1715 dollars, stressing that this price did not reach him gold in advance.He said Hamid said a "panic" that hit the investors in Asia today are caused by the main reduction credit rating of the United States by the agency (Standard & Poor's) of (state. A.. BAA) to (A.. A.. Positive) while maintaining a negative view for the U.S. economy.He said that the day for gold shows more clearly than ever before that the yellow metal has become the safe haven of choice for investors after the sharp fall of the value of the dollar and the euro in addition to the high volatility witnessed in global oil prices.He predicted that the price of gold continues to rise during the trading day in the stock exchanges of Europe and America, "if it continued to house investors panic about the strength of the U.S. economy."The gold ended the last trading week of 1660, up more dollars per ounce
(KUNA) - The price of gold continued to break records by scoring 1715 U.S. dollars per ounce during the morning trading Asian stock markets today as Singapore and Hong Kong in a clear indication on the flight of investors into the so-called "safe haven".The head of the Department of alloys with a group (Emerald) Recep Hamid said the price of gold began trading this morning in the stock exchanges Asia on the price of 1683 dollars per ounce, and jumped more than $ 25 to hit a new record in 1715 dollars, stressing that this price did not reach him gold in advance.He said Hamid said a "panic" that hit the investors in Asia today are caused by the main reduction credit rating of the United States by the agency (Standard & Poor's) of (state. A.. BAA) to (A.. A.. Positive) while maintaining a negative view for the U.S. economy.He said that the day for gold shows more clearly than ever before that the yellow metal has become the safe haven of choice for investors after the sharp fall of the value of the dollar and the euro in addition to the high volatility witnessed in global oil prices.He predicted that the price of gold continues to rise during the trading day in the stock exchanges of Europe and America, "if it continued to house investors panic about the strength of the U.S. economy."The gold ended the last trading week of 1660, up more dollars per ounce
