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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    Foreign companies accused by the fluctuation of gold prices and point to a stagnation in the market

    Hkp1
    Hkp1
    Hkp1
    Interacting Investor
    Interacting Investor


    Posts : 3118
    Join date : 2012-12-19
    • Post n°1

    Foreign companies accused by the fluctuation of gold prices and point to a stagnation in the market Empty Foreign companies accused by the fluctuation of gold prices and point to a stagnation in the market

    Post by Hkp1 Sun 07 Jul 2013, 4:40 pm

    13/07/08


    Foreign companies accused by the fluctuation of gold prices and point to a stagnation in the market


    Baghdad Adel saffar

    Effects of fluctuating gold market fears of some experts from the economic crises have led to low value globally, connect specialists of gold price volatility in oil and the dollar, saying that the relationship between gold and the dollar reverse means when high dollar low gold prices. While some accused goldsmiths foreign companies control the value of gold worldwide, while demand to purchase lift its price.

    Goldsmith says the River Street, in that "gold prices are basically stable global prices. Adding: I personally can't determine these prices, but compared with the dollar, we can say that it is fixed.

    He adds "the term gold market decline in sales because of the summer season and study during this period different trends of people to travel outside the country for tourism and change the atmosphere and some of them operated by other living things away gold.

    Abu Ali said he is an old gold dealers in River Street: the main reason low gold prices due to the economic crises experienced by some countries of the world, including Iran, for example, and the other which makes them put surprise gold for its fluidity.

    "To put up large amounts of gold on world markets leads to high supply and low demand, lower its price for the purpose of selling it.


    Meanwhile Fred Goldsmith Zaki reveals presence of foreign companies control the value of gold worldwide,

    When demand for Gold increases its price until you have the countryside all their merchandise. And then to reduce it to buy it again.


    Shows for the range: for Goldsmith is never not affected in any way because it controls the wording and prices have offset its loss as a result of a decline in the gold price.

    While Goldsmith Raad Shaker that gold prices fell in most universal causes some States rely on gold balances instead of hard currency. And when they pass the physical crises such as the economic blockade or similar recourse to discharge the Prosecutor shall be assisted by the market and lower prices with increased supply starts falling gold price.

    In turn, economic expert, Majid said, lower prices of gold image locally due to its vulnerability to fluctuations in world markets.

    Mock said (News Agency): high gold is related to many factors, mainly the dollar and oil, stating that the relationship between gold and the dollar reverse means when the dollar dips, gold and vice versa.

    He added: there is a general trend by many central banks to lower gold prices, noting that domestic prices are world market prices through a simple custom fees and sealing and manufacturing cost plus world price so this difference is manipulated by merchants and goldsmiths.

    He attributed the causes of the high gold prior to the global economic slowdown and deterioration of global and local markets in some European countries and the United States and the crisis, noting that there is a global trend towards eliminating this crisis and lower gold price, add to that the rising dollar led to its decline.

    The gold price in Iraq reached 220 thousand dinars to the weight per calibre 12, also said many economic resources including UBS Global Note that the coming years will witness an unprecedented rise of gold prices, while those sources emphasized that the US dollar will continue to decline because of inflation in the world's economic powers.


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