Gold Market (By Sylodium Import-Export directory)

The yellow metal fell down by more than $385 an ounce, or almost 23 per cent since hitting a 2013 high of $1,692/oz on January 22. This means that investors that bought into the precious metal in January this year have lost almost a quarter of their capital, with analysts expecting further agony. A myriad of factors, including a very real possibility of the US Federal Reserve curtailing the quantitative easing program in the near future, an overbearing tax on gold consumption in India, and a strong dollar are all being cited as the reasons behind gold’s recent plunge. Spot gold price is now at a 32-month low, with these levels not seen since October 2010. On the Comex division of the New York Mercantile Exchange, gold futures for August delivery traded at $1,328.55 a troy ounce during European morning hours, down 3.3 per cent. Sylodium (international trade directory) you can advertise for free your company or your project, at the intersection of cities that you want, for example; Dubai (UAE) – New York (USA) or any city around the World.

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