{"id":15279,"date":"2010-11-12T07:24:35","date_gmt":"2010-11-12T12:24:35","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=15279"},"modified":"2010-11-12T07:24:35","modified_gmt":"2010-11-12T12:24:35","slug":"is-the-price-of-gold-heading-for-2300-an-ounce","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/11\/12\/is-the-price-of-gold-heading-for-2300-an-ounce\/","title":{"rendered":"Is the Price of Gold Heading for $2,300 an Ounce?"},"content":{"rendered":"<p><strong>By Greg Holden<\/strong> &#8211; Debate over the Fed\u2019s recent QE2 maneuver has been generating some interesting volatility on commodity prices, particularly <a href=\"http:\/\/www.forexyard.com\/landsys\/gold\/en\/?zone_id=7987\">Gold<\/a>.  We\u2019ve seen the US dollar gaining strength as investors anticipate the  possibility of renewed inflationary growth in the US, but occasionally  there is similar counter-pressure from investors working to price in the  devaluation which must naturally accompany a money-printing policy such  as QE2.<\/p>\n<p>Commodity prices appear to be rising  despite a strengthening USD, but there have been a few minor blips in  downward movement amid growing concerns as to the effect of QE2.  Moreover, the sudden weakness of the EUR in recent days, due to <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/09\/eur-plummets-on-peripheral-debt-concerns\/\">debt concerns in Europe\u2019s periphery<\/a>, has also added to these fluctuations in both the USD and commodity prices.<\/p>\n<p><a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/10\/gold-hits-record-high-then-bounces-off-trend%e2%80%99s-upper-border\/\">Previous<\/a> <a href=\"http:\/\/www.forexyard.com\/blog\/en\/2010\/11\/09\/gold-set-to-reach-1500-an-ounce-before-the-end-of-the-year\/\">articles<\/a> have harped on the notion of a rising <a href=\"http:\/\/www.forexyard.com\/landsys\/gold\/en\/?zone_id=7987\">price of Gold<\/a>,  and nothing really seems to be able to change that analysis. We\u2019ve seen  Gold reach a nominal record high of $1,420 an ounce, even though its  true record, after adjusting for inflation, was reached about 30 years  ago.<\/p>\n<p>What is interesting in this observation is the price reached at that  time, in today\u2019s dollars. When Gold took off in the 1980s, its value in  today\u2019s dollars was around $2,300 an ounce. If today\u2019s price of Gold is  heading in a similar direction, then right now may be the best time  imaginable to open a <a href=\"http:\/\/www.forexyard.com\/landsys\/gold\/en\/?zone_id=7987\">Gold Trading Account<\/a> and start making profits. What are you waiting for?<\/p>\n<p><em><strong>Forex <\/strong><strong>Market Analysis provided by <a href=\"http:\/\/www.forexyard.com\/?zone_id=1398\" target=\"_blank\">ForexYard.<\/a><\/strong><\/em><\/p>\n<p>\u00a9 2006 by FxYard Ltd<\/p>\n<p>Disclaimer: Trading Foreign Exchange carries a high level of risk and                                                                                                                                              may         not       be                   suitable         for         all                                   investors.                  There            is     a                                                          possibility                      that                            you                  could                          sustain  a        loss                of      all              of              your                                                   investment       and                                          therefore       you                                  should         not                         invest                           money         that             you                                   cannot                     afford  to                             lose.        You                                should           be                  aware            of                      all              the              risks                                         associated                 with                    Foreign                             Exchange                                 trading.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Debate over the Fed\u2019s recent QE2 maneuver has been generating some interesting volatility on commodity prices, particularly Gold. We\u2019ve seen the US dollar gaining strength as investors anticipate<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-15279","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15279","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=15279"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/15279\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=15279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=15279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=15279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}