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Prices in world market of gold increased
18:09 10.12.2008
text: "Kazakhstan Today" views: [93] Related articlesWorld market of gold stabilized Prices in world market of gold increased Prices of steel in London stock exchange of metals increased Almaty. December 10. Kazakhstan Today - The prices in the world market of gold has increased. Following the results of the regular trading session on COMEX (division of New York commodity exchange NYMEX), the price of December contract of gold has increased. The price of gold at the Shanghai Gold Exchange has increased as well.
The prices for gold have grown owing to rise in prices for oil, weakening of dollar, and concern of investors over possible increase of inflationary pressure.
According to the last review of World Gold Council (WGC), the main tendency of the year - growth of demand for gold both in investment and in jeweler's sectors. Demand has grown by 18 % and investment - by 56 % compared with the 3rd quarter of 2008 and the similar quarter of 2007.
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