subject: Can Gold Continue To Be Strong In 2010? [print this page] The price of gold has reached a remarkable height recently. In 2009, gold had reached a new record level in the US dollars and some of the other currencies too. The price hike in gold was driven by a combination of factors, the most prominent ones being large fiscal deficits, fear of recession and concern about inflation. Investment demand is the key driver that influences gold prices.
This fact has been further validated by the Gold Council and as a matter of fact, any commodity that grasps high demand in the global markets is not likely to descend that rapidly.
In the past, gold was considered as a healthy thing which could save the individuals from a lot of diseases. Some gold salts are thought to have anti-inflammatory properties. Gold or alloys of gold are applied as conductive covering to biological specimens to trace the presence of other materials such as plastics and glass with the help of an electron microscope.
Like other precious metals, the quantity of gold is measured by grams. The price of gold is determined through dealing with the process of buying and selling of gold. There is a procedure known as gold fixing that provides a daily standard price to the industry for purchasing and selling of gold.
Furthermore, gold has claimed its strong position owing to its risk-proof investment portfolio. People at large have started showing interest in gold and the fact remains that the increase in gold's value has instigated a change in the global market as well. Therefore, it would definitely sustain its shining stature in 2010 as well.
Many experts even predict that gold will outshine oil in the year 2010. GFMS believes that gold will cost more than $1200 per ounce by the second quarter of 2010. Trusting that, investments in gold will take a hike pretty soon.
Investment requirement is also a key driver that manipulates gold prices. There is an online service available which alerts through email when the price of gold changes.
Thus, the answer to the question whether gold shall retain its shine in 2010 or not is clear from the facts . . Also, investors like estate agents who had no interest in gold have also started nvesting in gold because it provides them and their family with a future secure policy. Conclusively, gold has always sustained its position of being a secure haven and a worthwhile investment. Therefore, it shall not lose its value in 2010 as stated by the World Gold Council that plays a significant role in the future gold predictions by keeping into account the current circumstances.
