News Global Investors and Market

Global Investors and Market

-

Most of the world is under impression that the recession is again back to eat up their gains. The actuality is that the Euro Zone is in debt crisis and now this crisis is not able to affect the economies globally. Most of the Developing countries like China, India and Brazil are least affected by these crisis. The commodity market in these countries are still able reap the benefits for the investors. The investors are not facing any panic situations as it was earlier in 2008.

The currency became weak and that too has proved positive to some of the investors and traders. There is no such panic type situation.

The Gold Market recovered 1% from 2 weeks low on Friday 21 Oct. The support came from the weaker Rupee against Dollar. Earlier, due to European debt crisis Gold traded 2 weeks lower before Friday, when it recovered again on Friday.

The MCX (Multi Commodity Exchange) was 0.82% up for December delivery at Rs.26, 103. Gold which performed as risked investment commodity and it was in strong demand from Asian consumers which supported the premiums to its highest from the starting of the year.

Spot Gold traded up 0.3% on 21st Oct, 2011 at US$ 1,622.70. The euro has fallen by nearly 1% this week, the investors pulled out of gold this week and the prices of gold has fallen by 2.5 percent to 4 percent this week which traded in all major currencies.

In India, the drop in Rupee played an important role in the price of Gold. The weaker Rupee against dollar was due to high demand of Dollar by the importers. Rupee was at its 30 months low this Friday. The traders were seen stocking the Gold for the coming festival, resulting in more physical buying of Gold.

In International market, investors showed more interest in gold backed exchanges products like ETFs, which added up the holdings and most of the inflow was into European based funds. Global Gold ETFs was recorded at its largest net increase in three months.

The uncertainty about the Euro Zone’s resolution on its debt crisis is likely to help investor in making profits.

Global Investors and Market
General Contributor
Janice is a writer from Chicago, IL. She created the "simple living as told by me" newsletter with more than 12,000 subscribers about Living Better and is a founder of Seekyt.

Latest news

Japanese Owl Meaning and Symbolism

If you're wondering about the Japanese owl meaning and symbolism in Asian cultures, the Owl, along with Maneki Neko...

What Are the Signs of Depression in Women

Gender and depression have long been the scope of research in the field of emotional disorders; most authors believe...

Top 7 Superfoods for Men to Stay Young

Superfoods are generally regarded as targeted foods that provide the maximum nutritional benefit - thus these foods are nutritionally-dense...

Best Brain foods for Kids – Boost Brain Power and Keep Sharp

A child's brain is developing rapidly and if you want them to improve their performance in school and their...

7 of the Best Brain Foods for Studying

The foods that you eat can improve the functioning of your brain. Just like drugs, foods have amino acids,...

B12 Shots for Dogs – 10 Key Benefits

The end of 2010, my little dog -- a 7-pound Papillon -- became very stressed after a flood in...

Must read

Oral Hygiene: Its need and importance

Teeth are one of the most important parts...

How VIPRE Internet Security 2015 is Different From VIPRE Antivirus 2015?

Since Internet threats are evolving rapidly, security solution...
- Advertisement -

You might also likeRELATED
Recommended to you