Also expected to see € price of gold relative strength and continued to hold over 900 EUR per troy ounce. The speculative financial investors would have to in the week 3 August in all precious metals their net long positions extended. According to CFTC data on market positioning of the expansion was particularly marked in silver. In the considered period, the net long positions were up 33% to almost 29,000 contracts, an increase rose to its highest level in five weeks. The financial investors have thus contributed significantly to the increase in the price of silver in the reference week of more than 4%.
Gold price trading at around $ 1210: € show expected also in the price of gold relative strength and continued to hold over 900 EUR per troy ounce. The speculative financial investors would have to in the week 3 August in all precious metals their net long positions extended. According to CFTC data on market positioning of the expansion was particularly marked in silver. In the considered period, the net long positions were up 33% to almost 29,000 contracts, an increase rose to its highest level in five weeks. The financial investors have thus contributed significantly to the increase in the price of silver in the reference week of more than 4%. gold price at around $ 1,210:
Also expected to see € price of gold relative strength and continued to hold over 900 EUR per troy ounce. The speculative financial investors would have to in the week 3 August in all precious metals their net long positions extended. According to CFTC data on market positioning of the expansion was particularly marked in silver. In the considered period, the net long positions were up 33% to almost 29,000 contracts, an increase rose to its highest level in five weeks. The financial investors have thus contributed significantly to the increase in the price of silver in the reference week of more than 4%.
Frankfurt (AG) - The price of gold was in the wake of weak U.S. employment data on Friday easily the psychologically important mark of $ 1,200 per ounce and traded skip the week starting at around $ 1,210, the analysts at Commerzbank Corporates & Markets.
Also expected to see € price of gold relative strength and continued to hold over 900 EUR per troy ounce. The speculative financial investors would have to in the week 3 August in all precious metals their net long positions extended. Pursuant to CFTC data on market positioning of the expansion was particularly marked in silver. In the considered period, the net long positions were up 33% to almost 29,000 contracts, an increase rose to its highest level in five weeks. The financial investors have thus contributed significantly to the increase in the price of silver in the reference week of more than 4%.
However, silver remained since the beginning of the year fell short of the price of gold, but I can catch up last. As the gold-silver ratio of over 65 shows, silver is still relatively cheap compared to gold. The analysts therefore see further silver as an attractive alternative investment to gold and expect by the end of a price increase on 20 USD per troy ounce
