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Gold Price reached a series of new record highs during the second quarter and the average price for the period was up 26% year-on-year and up 9% when compared to the previous quarter (Q1 2011). Similar to Q1, the price did not rise in a straight line and saw some notable intra-quarter price action. After reaching a high of USD $1541/oz in early may, gold corrected back to below USD $1500/oz. However, gold was relatively protected from the sharp sell-off that affected many other commodities and the dip provided jewellery consumers and investors with an opportune entry point.
Demand Projection for the Second Half of 2011:
Gold demand in the second half of 2011 will remain strong owing to a number of key factors:
1. Despite a higher gold price, Indian and Chinese demand grew 38% and 25% respectively during Q2 2011 compared to the same period of 2010. This growth is likely to continue, due to increasing levels of economic prosperity, high levels of inflation and forthcoming key gold purchasing festivals.
2. The impact of the European sovereign debt crisis, the downgrading of US debt, inflationary pressures and the still-fragile outlook for economic growth in the West are all likely to drive high levels of investment demand for the foreseeable future.
3. Central banks are likely to remain net purchasers of gold. Purchases of 69.4t during Q2 2011 demonstrated that central banks are continuing to turn to gold to diversify their reserves.
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Is there any chances of decline in gold price in Qatar?
There is a chance but very unlikely.
Any chance of decrease gold rate?
As the demand for this metal goes up there is no margin of chance for Gold prices to come down. The mining and extraction of gold is very expensive. It needs a lot money.
Where did you come up with price of gold 1100 perounce?
The market place decides what the price of gold will be at any given time.
Where can one find the price of gold online and in the future?
You can find the price of gold on the London Metal Exchange. You can also find the price of gold through any of the foreign exchanges as they also trade in gold or your local bank.
Where can I buy gold for a cheap price in Qatar?
You won’t get any quality item at a cheap price, especially gold. Because gold has a whole mark price, which you should pay, if you are planning to buy from anywhere. Get the best gold from Gulf exchange. You can buy and sell gold from gulf exchange.
What is the price of gold per onces?
The price of gold changes daily. Refer to this website for the price on any given day as well as a recent history: http://www.kitco.com/charts/livegold.html
What is the price jewelry nuyers are paying for gold in 2010?
The price of gold changes daily. Refer to this website for the price on any given day as well as a recent history: http://www.kitco.com/charts/livegold.html
If a bond closed lower on the day by how much did its price decrease?
any amount lower than the previos day.
Why is gold so much money?
As with any other commodity, price is determined by supply and demand. Gold has a relatively low supply with high demand, which causes the price to rise.
Are there any gold plated watches for a good price?
yes, you can find gold plated watches that start at 200 dollars.
How much is a gold dollar worth?
The value of a gold dollar depends on the current market price of gold. As of [current date], the price of gold is [current price] per ounce. You can multiply the weight of the gold dollar by the price per ounce of gold to determine its value.
The chance that an investment will decrease in value?
The chance of any investment increasing or decreasing runs about a fifty-fifty probability. Other variables include the type of investment and the amount of time that the investment will have to mature.
