Gotta Love Gold
Affected by the US Federal Reserve System's easing of monetary policy, international gold prices soared upwards hitting $1,300 U.S dollars an ounce. The significant hike brought a direct impact to the domestic market, increasing the value of gold by three times since 2005.
If you want to buy gold, one should be quite careful as costs are going higher making it more difficult to purchase. Five years, the price has risen 3 times higher. Here we see this notebook of a gold dealer and find that an ounce last September cost 1,034 US$ and this year it cost 1,283 US$, which is a 20% increase in just 1 year.
If we look at this graph, we can see the quick pace of these gains as February saw an ounce cost 1043 US$, with the London Gold Market Association forecasting that in September next year prices could reach 1,400 US$. Rising higher with currency rates, appreciation of both sides of the straits is likely to cause the NT$ to reach a high 31.5 NT$ against the US$.
The Chinese Yuan is also not week as in September it broke through the level of 6.7 Yuan to the U.S. dollar, the highest in 17 years. Since reaching a new high, some are beginning to worry about a short-term correction as they should be more careful in observing their investments.
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