XTB analysis: Gold might reach USD 1.600 per ounce on Ukrainian region tensions
The tensions in Crimea region might mirror in increased price for gold to reach USD 1.600 per ounce from USD 1.340, the level registered at the beginning of this week, as XTB Romania analysis found. 2014-03-20 11:58:19
The conclusion comes on the findings that gold, among other precious metals, by tradition, represents the safest investment active. On the escalation of diplomatic conflicts in Ukrainian region between Western countries and Russia, a new need for safety emerged and gold re-entered in the first-choice investment portfolio, along with other safety-net exchange as the Japanese yen.
According to XTB analysts, in times of turmoil, the investors usually go for safety against large yields. Hence, the shares have been aggressively sold especially in Europe, a region more exposed to Eastern tensions that US. The German market for instance, delivering a third of Euro exports to Russia, has been the more impacted and lost 6.32 per cent between March 6 and the opening of March 16. Since the beginning of 2014, gold price increased, even if, in the last months, the Federal Reserve (FED) gradually reduced the amounts offered by the financial system by USD 20 billion, to reach USD 65 billion monthly.
The gold price has chances, according to XTB Romania, to keep the same up pace in 2014, helped by the demand registered on Asian markets. However, the achieving of significant yields depends on the perceived stability of global financial and political background. Within this context, the evolution of events in Ukraine region might set the trend.
|
|
| |
|
Daily Info |
Smart city is not a fad, it's a necessity In June 2018, the ranking of the most "smart" cities in the world was published. In other words, the most advanced cities in terms of human capital, social cohesion, the econo... |
Ondrej Safar, CEZ Group: "Romania can become a hub for international smart solutions providers" "We are already in the digital age, so the upward trend of implementing smart solutions is inevitable in all areas," he tells The Diplomat-Bucharest. "Especially in terms of u... |
Telekom Romania, a strong supporter of Smart City development in Romania Just like many other countries in the world Romania is now facing an unprecedented growth of the urban population, which can be both beneficial and detrimental for the society... |
In the industrial era, the fight was for finite material resources. Not anymore Now organizations fight and develop themselves for and around their talent.
In a nutshell, getting ahead in today's business world is all about attracting and inspiring an e... |
Richard Sareczky, Mol Limo: "We look at expansion locations across CEE including Romania" Consumer mobility behaviour is changing, leading to up to one out of ten cars sold in 2030 potentially being a shared vehicle and the subsequent rise of a market for fit-for-p... |
|
|
|
|
|
|
|
|
advertising
advertising
advertising
|
More on News |
President Iohannis urges Romanians to be more united, stay involved in modernizing Romania Romania's President Klaus Iohannis urged Romanians in France to be more united and stay involved as much as they are now in helping modernise Romania. |
OTP Bank Romania signs investment funds distribution deal with Eurobank Fund Management Luxembourg OTP Bank Romania signed a partnership with Eurobank Fund Management Company (Luxembourg) for the distribution of investment funds in Romania. Thus, from December 1st, OTP B... |
Fondul Proprietatea expresses disappointment over Engie listing rejection Fondul Proprietatea is disappointed with the decision taken by the majority shareholder of Engie SA, Romania Gas Holding B.V., to oppose the listing of the company, accordi... |
Europe must become a producer of new technologies, not just a consumer of technologies, says EC Europe must become a producer of new technologies, not just a consumer of technologies, said Gerard de Graaf, Director for the Digital Single Market in Directorate-General ... |
FDI in Romania rises 10 per cent after ten months in 2018 Non-residents' direct investment in Romania (net FDI) totaled 4.56 billion Euro in January-October 2018, around 10 per cent more compared to the same period of 2017, Romani... |
Catrina, MCSI: Romania is ready to roll up its sleeves and work during the presidency of the EU Council Romania is ready to roll up its sleeves and work during the presidency of the Council of the European Union (EU), said Maria Manuela Catrina, State Secretary at the Ministr... |
Two billion youth risk of being left behind in the Fourth Industrial Revolution workforce, says Deloitte Almost two billion youth worldwide risk of being left behind in the Fourth Industrial Revolution (Industry 4.0) workforce, which is changing at an increasingly rapid pace a... |
|