Prices on the world gold market have risen rapidly. The market price for gold on Wednesday exceeded the rate of $300 per ounce for the first time within the last two years and reached $305
Prices on the world gold market have risen rapidly within the last few days. The market price for gold on Wednesday exceeded the rate of $300 per ounce for the first time within the last two years and reached $305 per ounce.
The last time such a price level was observed was two years ago.Experts are hastily trying to explain this phenomenon. Some of them connect this rapid price leap with the announcement of one of the world"s largest precious metal producers, South-African corporation Anglo-Gold, to reduce the sales of gold by forward contracts.
Other producers have made such statements in the past, however, on those occasions, the upward price fluctuations remained within a 1% limit, and then returned to the initial level. This time, the dollar looked stable, and other factors characteristic of price increase and quotations fall were not observed on the stock market.
source: "Kommersant", 07.02.2002