The US dollar has been losing strength in the past few weeks. There have been a few factors cited regarding this, the strong winter crippling the US this past few months, jobs in trouble, etc. Whatever the reasons are, the US dollar is still continuing to be weakening and most experts can’t agree on when it will turn around. Across the atlantic in Europe, the European debt emergency is continuing to concern analysts.
All these factors is affecting the price of gold in the interim. In a good way, that is. Gold price has been on the climb in the past 2 weeks, and China, being a world financial player, has quietly increased their reserve requirements, while US retail sales rose by 0.5%. In that same time, US crude oil inventories surged.
What does all this mean to you and me? Gold price increase means its a good time to invest our money. Invest and buy gold bullion and watch your profits come.
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