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13:22 Prices of precious metals reached a 30-year high |
 Yesterday, prices of major precious metals, on the basis of trading in the U.S., rose to new records amid concerns investors in the financial condition of some European countries. Silver has risen in price to unprecedented levels since 1980, the cost of an ounce of gold has passed for 1,4 thousand dollars. These metals became leaders in the commodity market, pulling prices for other commodities, including oil - wrote " UA-Banker".
Western experts have already explained that the support price of gold, which declined over the previous trading, had a significant increase in the difference in yield between the Irish and German ten-year government bonds - by 12 basis points. In addition, the positive impact reported intention to EU Commissioner Olli Rehn on the economy during the two-day visit to Ireland in the coming days to discuss the government plan to reduce the budget deficit of 6 billion euros by 2011. Earlier, the head of World Bank President Robert Zoellick told the Financial Times noted the high gold's role in modern global financial system. According to him, despite the fact that gold is in the textbooks call "obsolete money, investors in different markets still use it as an alternative monetary instruments.
"Keep you their capital in dollars, euros or other currencies - has noticed in connection with this, leading analyst of the U.S. financial corporation IG Markets Dan Cook - gold is always a kind of transitional tool - raw materials, is both a calculated commercial vehicle currency" With the "red" metal more or less clear: the beginning of 2010 it increased in price by 22% and can demonstrate the rising cost of the tenth consecutive year that will be the most prolonged period of price increases, at least since 1920. Rise in price of gold in recent years was caused by the increase in volatility in global financial system, economic crisis and the beginning of this year, the main "engine" of growth in the prices of the debt crisis began in Europe. In such situations, the gold is particularly popular with investors who see it as a reliable alternative to volatile currencies and shares of private companies. А что же с серебром? And what about silver?
Russian analyst at the Center for Sergei Pukhov active appreciation of the precious metals is due primarily to an uncertain situation with many world currencies, and expectations of a monetary nature of possible measures to stimulate the economy in the U.S. and other countries. According to him, namely the yellow metal "pulled" for a white. "Excess liquidity of the U.S., which is still closed path in the real sector, because there is no demand, there is primarily in gold. A silver investors have noticed just now, so to speak, out of inertia. In general, usually the white metal gets the tails of the glory of the "yellow", - said the expert.
Largely it depends on how far will the U.S. Federal Reserve to pump liquidity of the market and the prospects of entering into the second wave of the crisis. According to experts the French investment bank Natixis, the worst is behind us: "The period of financial profligacy in Europe gives way to financial austerity. f measures taken in this regard, can lead to the desired goal without destroying the structure of the European economy, it will be the first step in normal economic conditions. " Analysts warn: there is still a long way, but hope that the order in finance will be induced by cutting budget spending, rather than by increasing the money supply. Then, they suggest, and go economic growth, interest rates and inflation will return to pre-crisis levels, and this will reduce the attractiveness of the precious metals.
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