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Economist: low global gold prices will affect the price of locally
06-07-2013 12:58 PM
Baghdad (news) .. Likely economic expert Majid picture, low gold prices locally as a result influenced by the fluctuation of winning in the global markets.
He said the picture (of the Agency news): The rise of gold is linked to many factors, the most important oil and the dollar, indicating that the relationship between gold and the dollar Eksahma means when you rise in the dollar price of gold fall and vice versa.
He added: that there is a general trend by many central banks in order to reduce the price of gold, noting that domestic prices affected by world market prices in a simple through customs duties and sealing and manufacturing cost, in addition to the world price terms are being manipulated this difference by the merchants and goldsmiths gold.
The Return: reasons for the high gold in the period prior to a decline in global economic growth and Otdhor global markets and local total in some European countries and the United States, and the crises that pass by, pointing out that there is a global trend towards elimination of this crisis and reduce the price of gold, in addition to the rise in the dollar led to decline significantly.
The price of gold in Iraq had reached (220) thousand dinars to the weight of one caliber 21, also reported many economic resources, including a note to bank UBS Global that the coming years will see unprecedented rise of gold prices, while confirmed those sources that the U.S. dollar will continue to severe decline because of inflation witnessed by the economic forces around the world. / End / 5. B. PVC /
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06-07-2013 12:58 PM
Baghdad (news) .. Likely economic expert Majid picture, low gold prices locally as a result influenced by the fluctuation of winning in the global markets.
He said the picture (of the Agency news): The rise of gold is linked to many factors, the most important oil and the dollar, indicating that the relationship between gold and the dollar Eksahma means when you rise in the dollar price of gold fall and vice versa.
He added: that there is a general trend by many central banks in order to reduce the price of gold, noting that domestic prices affected by world market prices in a simple through customs duties and sealing and manufacturing cost, in addition to the world price terms are being manipulated this difference by the merchants and goldsmiths gold.
The Return: reasons for the high gold in the period prior to a decline in global economic growth and Otdhor global markets and local total in some European countries and the United States, and the crises that pass by, pointing out that there is a global trend towards elimination of this crisis and reduce the price of gold, in addition to the rise in the dollar led to decline significantly.
The price of gold in Iraq had reached (220) thousand dinars to the weight of one caliber 21, also reported many economic resources, including a note to bank UBS Global that the coming years will see unprecedented rise of gold prices, while confirmed those sources that the U.S. dollar will continue to severe decline because of inflation witnessed by the economic forces around the world. / End / 5. B. PVC /
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