The price of gold has increased 17 percent since the beginning of March. It is now around $2,400 per troy ounce (31.1 grams) This is a record level.
There hasn't been such a strong upward trend in precious metals for a long time. Many observers attribute the recent increase to the fact that central banks are stocking up on gold. Speculators on the financial markets are betting that the US Federal Reserve and the European Central Bank will soon noticeably lower interest rates. The fact that gold is holding its own so brilliantly despite all the stress factors bodes well for the future, says prominent US analyst David Rosenberg. In the long term, however, everyone has to decide for themselves that it's better to stay away from gold at the moment.. Adrian Ash from Bullion Vault believes gold is at a “hot trend” for the moment, but that soon things will go down again - and that could happen soon. The air is getting thinner and thinner.