Expert: low gold prices will be temporary and will rise again

Expert: low gold prices will be temporary and will rise again

Dated: 7/22/2012 14:28:51 Sunday

Baghdad (news) .. Most likely, an economist Majid picture, the return of the increase of gold prices, noting that the decline would be temporary and was due to lower world oil prices and the financial crisis plaguing Europe.
said the picture (of the Agency news) said on Sunday: The price of gold tied to oil prices the world and exchange rates foreign currency , causing low oil prices in the global market and the fluctuation of exchange rates of the dollar, down simple in the price of gold. He explained: that the financial crisis in Europe and particularly in Spain, Italy, Greece and the irregularity of the U.S. economy are all factors that contributed to reducing the demand for gold, which led to falling prices, but just a temporary drop and pick up again. / End / 21. d. Q /
Source: ikhnews