Gold for the first time in its history than $ 1700 per ounce

Gold for the first time in its history than $ 1700 per ounce

The price of gold today, a new historical record with coverage for the first time the threshold of $ 1700 per ounce in Hong Kong market with investors turned to safe values, such as precious metals on worries about the repercussions of reducing the credit rating of the United States.
The price of gold to 1715.75 dollars per ounce at around 5.35 pm GMT (7.35 Paris time) before settling at a price of $ 1700.
And gold prices supported by several days Pthavt investors to safe values ​​amid growing concerns about global economic conditions.
Asian stock markets registered a strong decline in the wake of reduced agency Standard & Poor's credit rating Friday the degree of U.S. sovereign debt to the maximum "AAA" to "AA +".
And expectations of Standard & Poor's on sovereign debt of the U.S. "negative" means that the agency when it will decide to change the classification would be to reduce it, according to estimates of analysts, the "JP Morgan", "It was expected that the price of gold before the reduction to 1800 dollars by the end of the year." But analysts expect to exceed this threshold price per ounce of gold, "$ 2500 or more."