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Sell Gold - How to Sell Gold
The economic crisis and Gold Prices
Posted on 2009-Jun-2 at 10:58 - Post Comment
The economic crisis does not affect the commodity prices of aluminum and zinc burglarize. This decline in the industry, the costs for the purchase of crude oil, gold, industrial metals and agricultural commodities. But the relief for businesses and consumers will only be of short duration. An overview of the current price trends and forecasts.
Iron ore falls from record high
After six years of incessant increase in the cost of iron ore to a preliminary end came. Yesterday agreed to the commodity group Rio Tinto and the Japanese operator Nippon Steel hut at a discount from an average of 37 percent. According to experts, the producers follow the example of the world's second largest steel group to follow.
However, China's steel industry is pressing for a greater relief to the price increases of recent years at least partly compensate them. Since 2003, the price of iron ore for more than six. Alone in the past year, commodity groups, BHP Billiton, Rio Tinto and Vale to double through.
From the perspective of the European steel association Eurofer, the price spiral in the coming years further back. "There were new capacity for the production of raw materials created, and also is the demand for steel has fallen," said association chief Gordon Moffat. In the coming year the steel companies would therefore again urge discounts.
Experts expect the long term with a renewed increase in costs for iron ore and other raw materials. "The crisis will end sometime yes, and then especially China and India, its strong growth to continue," said Commerzbank analyst Eugen Weinberg. Moreover, the development of new raw material deposits in some countries has been put on hold. The production will be relatively quick return to their limits, says Weinberg. "If one speaks of a general trend, the majority of commodities in the coming years, higher note than it is now."
From the perspective of the Goldman Sachs Commodity prices have already found their ground. In the case of copper is about a recovery. However, it is necessary to show how sustainable this is. Indeed, according to market participants has increased mainly in China stocks are bought on the market, in order for a future growth to be prepared.
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