Deputy of the Economic Commission expects a significant incr

[Stillw8n]

Deputy of the Economic Commission expects a significant increase of gold prices over the next year due to global crisis

On: Tue 15/11/2011 11:44

Baghdad (news) .. Predicted Member of the economy and investment representative and MP / coalition in Iraq / Nora Salem, higher gold prices over the next year as a result of the global economic crisis.

The Salem in a statement to the Agency (news) on Tuesday: The year will see the next significant increase in the price of gold globally as a result of the economic crisis that hit the U.S. and Europe, which led to instability in the prices of materials and goods in global markets, saying: that the price of gold will move upward from now.
She pointed to: that China has a great role fluctuating price of gold globally as it has a stock of large gold which was considered as a safe haven for funds to avoid the risk of the global economic crisis to their markets, and continued: The pump gold and grain of this solid global markets, or keep it this is what leads to osteoporosis price of gold in the world.

The Salem: In the case of pumping gold, largely from China to international markets, it will lead to lower price the world being subject to the issue of supply and demand, are excluded at the same time to happen.
The Salem: The United States President Barack Obama has warned China to take such steps Kdkh gold to the market that China plans by all means in order not to impact markets economic crises experienced by the world now.

The member of the Economic Commission Parliamentary: Gold in Iraq affected and directly impacts that occur on the price of the world either ascend or descend the fact that Iraq closely connected with the global markets.

He was the economist Mohsin Ali in an earlier statement (for the Agency news) on the causes fluctuations in gold prices and instability in global markets to the economic crisis taking place in America and Europe, making the owners of wealth to transfer their money to Jawdat true of gold, seen as a safe haven for their money, and being subject to the issue of supply and demand so it is when at least currently in the market price goes up, while if it is put large quantities in the markets, the price at least.

And Ali to: local markets as affected by the crisis of the global economic and indirectly through the import of materials, and the fact that Iraq today is based on diversity of import of goods from abroad, any change in the prices of these materials in the world, the Iraqi market affected terms of increased prices or decreased

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