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WORLD

World gold prices increased to absolute record

23.08.2011 [10:56]
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Baku, August 23 (AZERTAC). World gold market " bubbling " on negative news is still far from absolute maximums of 1980. That year gold prices reached $850 per troy ounce which would make only $2,400 per ounce in present affluent money. However, no matter how speculative dealers put on dog the present records are still far from absolute ones. Yesterday gold prices just raised the ceiling up to $1.881.4 per ounce. A normal person can not live in a flat with such ceiling height and the market promises to better.

The analysts have already raised the forecast for gold price up to $2,500 per ounce. If the forecast is realized the precious metal will set an absolute price record in spite of dollar depreciation. But there is no belief in such forecasts. As early as in 2008 Deutsche Bank and other banks expected the gold price at $5.000 in medium-term prospect. The prospect has come but the precious metal did not take even " poor" $2.000 per ounce.

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