Scrap Gold Price development

January 19, 2010

The scrap gold price has grown rapidly in recent years. In the 80s and 90s, the price of gold languished on a single level with a slight downward trend. Only at the beginning of the new millennium has risen sharply, the increase in prices for gold. The price of gold is measured in troy ounce and shown in U.S. dollars. From 2005 until 2008 the price of gold rose from about U.S. $ 400 to up to 1000 USD. This gold price was driven primarily by strong demand from China and India Emerging-market countries. After a brief setback, the price of gold with the outbreak of the economic crisis and financial crisis at the end of 2008 and early 2009, it rose again. It remains to be seen whether the upward trend in the price of gold continue to remain stable or whether it is a medium Abwschwung.