Steady Gold, Bright Future Trends

Gold prices are calming down after recent rallies. It is usual situation as many investors are realising their gains made on recent uptrends. The crucial in here was the Monday’s news about June contract for gold that reached its peak of $1,478 (approx. £908) per troy ounce. Naturally, the investors started to sell gold in order to realise profits and put the market at a level where many will open new positions. This not only applies to gold but to most commodities. Similar tendencies can be seen on the oil, copper and palladium markets where drops varied between 0.9% to 2.5%. That situation was clearly predictable taking into account recent world’s news about tsunami in Japan and political problems in the Middle East. Once the prices stabilise many predict future even more rapid growths. Analysts from Standard Chartered believe that in a three year old timeframe we might be looking at prices of $2,100 per ounce (approx. £1291). That leaves many of us having some gold to sell online with bright prospects for good gold prices per gram.