×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Skip to main content
Tags: LIGNET | gold | price | instability

Geopolitical Instability to Push Up Price of Gold

By    |   Thursday, 29 March 2012 12:44 PM EDT

gold, prices, instabilityGold has disappointed investors during the past six months, falling from $1,900 an ounce in September to $1,680 an ounce this month. This stands in sharp contrast to the past two years of gold price increases.

But gold may be set for another rally. Central banks in Russia, India, China, the Philippines, and the Persian Gulf states substantially increased their holdings in gold in 2011 as a hedge against instability and are looking to increase their holdings another 15 percent over the next 10 years.

Click here to read the full analysis from experts at LIGNET.com.



© 2023 Newsmax. All rights reserved.


96
2012-44-29
Thursday, 29 March 2012 12:44 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved