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Why gold price increasing?

Why gold price increasing?

Gold price is steadily increasing.

Does it show the poor foundation of the fiat currency?

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anonyalkult's picture
Answer this Question
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By anonyalkult
Thu, 05/11/2009 - 8:50pm

Answers

exiledsaint's picture
exiledsaint
 

Low dollar price pushes up the gold price as a hedge against possible future inflation.
Answered on Thu, 05/11/2009 - 9:50pm
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NAJEEB03's picture
NAJEEB03
 

Due to high demand of gold in India & other country because of festival and safe money to invest.
Answered on Thu, 05/11/2009 - 11:27pm
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mircea's picture
mircea
 

it is the international trend; recently India bought a significant quantity of gold and it seems to go on buying, from FMI; so the price grows up. Check the international market trend, now is around 1100 US$/ounce, after the FMI sold cca 1/2 from it's reserve of cca 400 tons gold. Will increase in my opinion, too, because in crisis everybody invests in gold.
Answered on Thu, 05/11/2009 - 9:44pm
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naseem5_hindustani's picture
naseem5_hindustani
 

i thought of buying a gold ring for my girl, but i droped that idea because of the gold rate
Answered on Thu, 05/11/2009 - 10:44pm
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wwa's picture
wwa
 

Thank for analysis guys... logic
me no understanding moreover why like zis? crisis finish in west territory, why here is?
Answered on Fri, 06/11/2009 - 12:00am
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nomecool's picture
nomecool
 

Some peoples thinking that investing in Gold much better than land or any other mutualfund

Answered on Fri, 06/11/2009 - 12:39am
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sabrang kidul's picture
sabrang kidul
 

Because IMF just sell a record quantity of gold to the Central bank of India and look like China will follow suit.
Also because people are nervous about holding on to the US dollar due to the US inflation rate and the perceived slowness of recovery compared to the other economy.

Bad news for those receiving their income in US dollar or other currencies fixed-pegged to the greenback (such as Qatari Riyals)
Answered on Fri, 06/11/2009 - 5:08am
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kieron4u's picture
kieron4u
 

Its because the dollar is tumbling and festival and marriage season in India
Answered on Thu, 05/11/2009 - 9:21pm
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