Friday saw the last sudden increase of gold prices in many global markets, Arab and especially the U.S. market, reaching price metal more than U.S. $ 1000 per ounce, and although it has a protective buy Iqbal unprecedented by investors and venture capitalists due to the ability of gold to maintain its valuewith a strong decline of the value of a lot of currencies, led by the U.S. dollar after the global financial crisis.
The news came with the increase in oil prices and falling stock prices and real estate. Considered that the large increase in the price of gold is the first of its kind since July last year, Hbut reached increment of more than 2.50% of any $ 26 dollars for the previous days, and predicted Economists increase up prices to 1030 dollars per ounce at the end of this month to catch including his record in last March.
Analysts said that gold and silver and other metals are only able to withstand the hardest financial crises in the world because it is the amount of real value of the currency away from inflation and that affects a lot of countries around the world.
And those events led to many questions relating to assume Brown for the British Treasury and after the decision to sell half of Britain's reserves of the metal according to the news.
