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Ikon forex "The average forex price of gold in 2011 would be at $1502 per ounce"

Discussion in 'Forex Daily News & Outlook' started by ikonforex, Jan 5, 2011.

  1. ikonforex

    ikonforex New Member

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    It is predicted that the average forex price for gold would be at 1502 US dollars per ounce in the year 2011, and that of the silver forex price would be at 36.25 US dollars per ounce.

    MKS pointed out the elements which would push gold forex price to surge up by 27 percent in 2010 would continue to provide the support for gold forex price in 2011. The slumping down of USD and the rarely supply of sprinkle gold as well as the buying from institutions, added by the sovereign debt crisis in EU and tense situation in Korea peninsula all pushed gold forex price to surge up.

    Forex analysts said the demand for gold of the forex investors and institutions would continue to increase in the next few months, and the sprinkle gold supply would be in a reasonable trading range. It is predicted that the lowest forex price of gold in 2011 would be at 1320 US dollars per ounce, and the highest point would be at 1780 US dollars per ounce.

    The forex analysts also pointed out that the recent focus on silver forex price would continue in 2011, and would be a replace of gold investment in the forex market. Silver would receive more attention in 2011, and it is predicted that the average forex price of silver would be at 36.25 US dollars per ounce in 2011 and the lowest point it might reach was at 24 US dollars per ounce, and the highest pointed would be at 46 US dollars per ounce.

    The forex analysts said it would not be sudden for the silver forex price to reach 50 US dollars, but they warned that only when this forex price fluctuated sharply and got back sharply for many times that it might reached the level of 50 US dollars per ounce.

    Edited by Laura in Ikon Group.
     
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