Aboutme.SubinFinance – Gold Will Reach USD $1200 Next Week
Aboutme.SubinFinance Aboutme.Finance Gold is very optimistic this week and a strong rally took it above US$ 1140/Troy Ounce due to pessimism in the United States market. The gain is above 5% and market has hit a six-week long run. This rally seems to be quite close that Gold will be reaching the US$1200/Troy ounce and will be stabilizing there. Then in September, Federal Reserve will be increasing the interest rate to about 0.25% and will change the course of Gold and other metals. So please take the profit and don’t stay there. One day it will destroy your valuable investment. Housing sector is improving, Wages are increasing, Inflation is slightly down and demand too is moving ahead gives more chances of United States increasing the interest rate. Apart from that, world economy is moving to decrease the interest rate and United States stands firm to increase it. This will help United States as people are interested to invest in this country and this investmen...