In order to better assist in any future trading at ForexYard, the following is a brief analysis of gold and its recent ascent in the commodities market. After recently reaching a record high of $1,150 per ounce, gold continues its unprecedented rise as investors are increasingly turning to the metal as a safe haven asset. While the U.S. Dollar has traditionally been viewed as a risk free investment, the economic crisis and global recession have caused the greenback to dramatically decrease in value. Consequently, investors have tried to diversify their trading, causing gold to rise 30% in value since the beginning of the year. Predictions that U.S. interest rates will remain at record lows well into next year, which would prevent the dollar from increasing in value, will only increase the allure of gold in future trading. Gold seems poised to again cross the $1,150 mark very soon, and could likely move higher amid continuous signs that the dollar is not improving.
We at ForexYard hope that this information has been helpful. Please feel free to contact us at any time in the future with any questions or concerns. We wish you successful trading and an enjoyable experience
source: forexyard.com
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