dinsdag 6 oktober 2009

Gold price reaches a peak


A new record was established as gold prices in London and New York rose up to 1036,30 and 1038 dollar per ounce, breaking the 1033,9 dollar record of March 2008 and reaching the highest gold price in history. According to specialists, the main reasons for this high demand for gold are the speculations of increasing inflation caused by the frequent money injections of the central bank. Furthermore the value of the US dollar continues to decline. This causes investors looking for stability to turn to gold as a safe investment.

De Tijd

Koen Lauryssen

2 opmerkingen:

EcoEnglish zei

use a decimal POINT
the main reason is speculation about (singular)
Overall, pretty good!

EcoEnglish zei

A new record was established as gold prices in London and New York rose up to 1036.30 and 1038 dollar per ounce, breaking the 1033.9 dollar record of March 2008 and reaching the highest gold price in history. According to specialists, the main reasons for this high demand for gold are the speculations about increasing inflation caused by the frequent money injections of the central bank. Furthermore the value of the US dollar continues to decline. This causes investors looking for stability to turn to gold as a safe investment.

Koen Lauryssen