Gold to reach USD 1,500 by July
28 March 2011 | 00:38 | FOCUS News Agency
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Sofia. The price of gold continued to surge and hit a record height on Thursday, the 24 Chasa daily informs. A troy ounce was traded for USD 1,447 at the London Metal Exchange. On an annual basis, gold price registered a 35% increase.
The current environment in the Arab World, political and financial problems in countries – members of the euro area and the recent devastating earthquake that hit Japan are among the factors that influence the price of gold, according to Valentina Grigorova-Gencheva, Director of Gold and Numismatics at First Investment Bank.
In Bulgaria investment gold, such as golden bars, coins and jewellery, is offered by First Investment Bank, Raiffeisenbank and Piraeus Bank.
The current environment in the Arab World, political and financial problems in countries – members of the euro area and the recent devastating earthquake that hit Japan are among the factors that influence the price of gold, according to Valentina Grigorova-Gencheva, Director of Gold and Numismatics at First Investment Bank.
In Bulgaria investment gold, such as golden bars, coins and jewellery, is offered by First Investment Bank, Raiffeisenbank and Piraeus Bank.
(source : http://www.focus-fen.net/index.php?id=n245649 )
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