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Q.

Why gold prices are coming down ... ??? is it safe to buy gold right now ... ???

Tags: money, relationships, beauty & fashion
Asked by Manoj Joshi, 20 Apr '13 09:47 am
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Answers (4)

 
1.

Japan is one of the biggest gold holder in the world. It is selling its huge stocks of Gold & buying U.S dollars. Because of this & some other factors, dollar is becoming strong & gold prices are falling down. It is expected to go down to Rs.2300/- per gram. You may start buying once it is below 2400/- level.
Answered by Gypsy, 20 Apr '13 09:49 am

 
  
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2.

You see, general markets are selling off today too, and even oil has lost $6 per barrel since Thursday.

Though off slightly, the U.S. dollar has maintained strength, probably thanks to speculation the U.S. Federal Reserve may end its quantitative easing sooner than previously expected. That hurts commodities which are all priced in U.S. dollars.

There's also been a considerable amount of selling of gold exchange-traded fund holdings, which has forced those ETF managers to sell their physical bullion. That has temporarily added supply to the market, which helps push gold's price down.

We've also seen an increase in speculative short positions for gold futures on the COMEX exchange, accompanied by a decrease in speculative long positions.

So those are the pressures on gold. Now let's look at the other side.

The fact is that Chinese demand has been and remains very strong, along with considerable and growing demand from a host of other central banks, mostly from the develop ...more
Source: http://moneymorning.com/2013/04/15/why-gold-is-going-down/
Answered by Quest, 20 Apr '13 11:14 am

 
  
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3.

Market is panic about dumping of gold to market by Cyprus and other EU market. This has resulted in downslide of demand and also dumping of some gold reserves to market to make some quick money by reversing at lower rate.
Virtual gold is one of the major culprit.
Answered by MAdhavan Avadhany, 20 Apr '13 10:13 am

 
  
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4.

Safe
Answered by Manju Sikri, 20 Apr '13 10:02 am

 
  
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