View this article on NOS.nl … Friday Oct 31, 2014
The gold price has fallen to its lowest level since July 2010. For a troy ounce, the standard weight of 31 1 gram, must now be paid approximately $ 1172. The gold price has been falling since Wednesday, when the US central bank, the Fed announced to stop the support program for the economy.
The economic growth of the United States in the third quarter down the gold price. This growth was stronger than expected.
Investors often turning to gold as a safe investment in uncertain economic times. Is But now the economy improves, investors take profit on gold.
It cost before the crisis, in 2005, a troy ounce only $ 500. At the dawn of the crisis, the price shot up; the price was doubled in 2009. The peak was in 2011, nearly $ 1900 was to be deposited when a troy ounce.
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