Economic crises increase the demand for gold and make prices volatile
Number 3 views
Posted 07/03/2012 08:27 PM
BAGHDAD / follow-up to the East: economic expert attributed the cause of Ismail Radi volatility of gold prices in international markets to the economic crisis taking place in the world, prompting the owners of wealth to convert their money into real gold Jawdat. Radi said (of the Agency news) said on Wednesday: The reason for the fluctuation of gold prices and instability in global markets due to the economic crisis taking place in Qarta America and Europe, making the net worth remit their money to Jawdat real, including the gold being a safe haven for their money. And: As the price of gold is subject to supply and demand so it is less than when displayed in the market price rises, while if put in large quantities in the market price at least. He pointed out: The local markets are affected by crises of the global economic and indirectly through the continued importation of the country for materials and goods from abroad, and the fact that Iraq today is based on diversity of import of goods from abroad, any change in the prices of these materials in the world, the Iraqi market is affected in terms of increasing its price or decline. He continued that the indicators that make the price of gold is constant global economic stability, which is a balance between supply and demand, therefore it can lead to reduce prices to fluctuations in the world. The economist: that the owners of stocks and money in Iraq when they see interest rates at less than their shares are heading toward financial or real estate to buy gold to keep their money, leading to increase the price of gold.
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Number 3 views
Posted 07/03/2012 08:27 PM
BAGHDAD / follow-up to the East: economic expert attributed the cause of Ismail Radi volatility of gold prices in international markets to the economic crisis taking place in the world, prompting the owners of wealth to convert their money into real gold Jawdat. Radi said (of the Agency news) said on Wednesday: The reason for the fluctuation of gold prices and instability in global markets due to the economic crisis taking place in Qarta America and Europe, making the net worth remit their money to Jawdat real, including the gold being a safe haven for their money. And: As the price of gold is subject to supply and demand so it is less than when displayed in the market price rises, while if put in large quantities in the market price at least. He pointed out: The local markets are affected by crises of the global economic and indirectly through the continued importation of the country for materials and goods from abroad, and the fact that Iraq today is based on diversity of import of goods from abroad, any change in the prices of these materials in the world, the Iraqi market is affected in terms of increasing its price or decline. He continued that the indicators that make the price of gold is constant global economic stability, which is a balance between supply and demand, therefore it can lead to reduce prices to fluctuations in the world. The economist: that the owners of stocks and money in Iraq when they see interest rates at less than their shares are heading toward financial or real estate to buy gold to keep their money, leading to increase the price of gold.
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