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#1
2nd October 2006, 06:12 PM
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Gold used for hedging
I have observed that whenever oil prices rise , the concern over increasing inflation rate arises and it is then that gold is used as a hedging tool to curb any risks invloved . This trend has become a regular feature lately, even yesterday when oil rose, gold was used as a hedge to counter rising consumer prices. However the rise in oil prices is supporting gold prices.I feel gold will rise even more and go over $602.70 an ounce making it an inflation hedge... find out more
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#2
5th October 2006, 03:47 PM
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Re: Gold used for hedging
Correct,
Now i think that gold will make its base here and will pull back again
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