Bank Of Baku

Gold price rise 27% in 2010

Gold price rise 27% in 2010
# 06 January 2011 12:28 (UTC +04:00)
APA-Economics says that te prices increased gradually and this was caused by indications of crisis.

In general, the gold price rose from $ 1 118.7 to $ 1 416.3 during the year.




As you see the gold prices rose including several exclusions. The reason of this was the investors approach to the stock markets carefully and as the result the investments directed to gold increase.

The second reason is inflation, decrease of dollar and decrease of purchasing power in the world.
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