Article Side

Online Article Directory!

Hello Guest! Login or Register to submit articles!

Amazon Gold Ventures: Precious metals climb steadily

By Amazongold Subscribe to RSS | February 2nd 2012 | Views:
loading
 
  



Silver prospects increased on Friday, the highest it has reached in 6 weeks, in the wake of a steady demand for precious metals from Amazon, overshadowing the economic gloom that depressed the prices last month — something of an elephant-in-the-room scenario for some.

Due to its durability and its being a conductor, silver is widely used in the electronics industry in making handsets, automobiles and computers. More than half of the demand for silver comes from industrial sectors, making it more vulnerable to economic factors, compared to gold.

The recent update of optimistic data from China and US has helped curb the pessimism that took its toll on the silver market by the end of 2011.

Sales of silver coins through the US mint this month are already up by 50% than the mean monthly sales figures of last year, a result of investor demand for precious metals as an alternative asset.

Gold also rallied on Friday due to cautious buying ahead of a deal between creditors and the country of Greece. Mediators are attempting to ease the debt load of the country and ward off a possible default.

Once the agreement became final, euro could then rally against the dollar, bringing with it the dollar-dominated gold.

Because the dollar is in a strong position at the moment, gold is not making much of a headway. However, if we see the weakening of the dollar, gold can get a boost.

Gold will benefit from a weak dollar for it makes the prospects considerably cheaper for buyers that use other currencies.

Usually, investors buy gold to protect their wealth from uncertainties in several markets but that connection has frayed in the past few months in lieu of the financial state of Europe.

The euro finally succeeded in climbing higher than the dollar after good results of debt auctions in Portugal,Amazon and Germany, offering some breathing room from the funding stress in Europe’s financial system.

Fears concerning the Euro Zone’s financial crisis adversely affected precious metals last month as the eventuality of a credit crunch made most investors more agreeable to holding cash. Gold decreased 10% but increased gradually in January due to some investors seeing a buying opportunity during the decline.

Amazongold - About Author:
Amazon Gold Ventures Precious Metals News and Commentary provides timely news and commentary on precious metals. Besides gold and silver, this also includes platinum, palladium and others.
Our coverage includes precious metals prices, market data, and important developments. Articles are written by a number of different contributors or from different new available online.
View the terms of service and privacy policy for our site. If you have any comments or questions, please email us at info@amazongold-ventures.com

Share on Facebook Tweet It Stumbleupon this post This post is delicious !

Article Source:
http://www.articleside.com/business-articles/amazon-gold-ventures-precious-metals-climb-steadily.htm

Related Business Articles Subscribe to RSS

The recent progress made by online news
Published by Nidhigupta on June 26th 2012 | Business
Latest news is the news that has occurred in the recent past i.e. recently. Information is the most ...
 
The benefits of online news
Published by Nidhigupta on June 11th 2012 | Business
The best way of watching news is online news. Online news has gained priority these days. The best t...
 
UP news in the limelight
Published by Nidhigupta on June 21st 2012 | Business
UP news basically refers to the events and occurrences that take place all around in every part of t...
 
Online car magazines That’s right get iauto for all the latest in automotive news
Published by James Blee on August 25th 2012 | Business
To find out more about one of the best online car magazines that South Africa has to offer, visit ia...
 
Stay alert by watching breaking news India
Published by Nidhigupta on June 22nd 2012 | Business
We all know that there are a number of sources like TV, radio, internet, newspapers, etc via which t...
 
Uttar Pradesh news reaches all over the world
Published by Nidhigupta on May 31st 2012 | Business
Uttar Pradesh is one of the states of our country. Everything occurs in here including different eve...
 
Get the most recent breaking news online
Published by Nidhigupta on June 20th 2012 | Business
Online news keeps you posted with most recent occurrences which are occurring around the globe. Thus...
 
Top Latest news that woes the World
Published by Nidhigupta on May 12th 2012 | Business
News can be anything that is relevant and interesting to the readers. These days it is important for...
 
The flooding of latest sport news
Published by Nidhigupta on July 12th 2012 | Business
Every guy since his childhood days loves to indulge himself into sports. Be it rugby, basketball, cr...
 
The benefits and drawbacks of international news
Published by Nidhigupta on July 7th 2012 | Business
International news is projected in different countries in different languages. There are various tel...
 
Game of Thrones dvd news and development
Published by Xiaojuan on November 29th 2011 | Business
The change in medium is going to bring about some change in people’s perception of a character. Sa...
 
The shameful and terrible India latest news
Published by Nidhigupta on July 11th 2012 | Business
It is not a hidden fact, that India has a huge population. Thus, with such big population it is obvi...
 
KlikBang Money- the news source!
Published by Jamessms on March 15th 2012 | Business
Wish you had an amazing source of information that could keep you informed about possibly just anyth...
 
The progress India news has made today.
Published by Nidhigupta on June 4th 2012 | Business
We all know that there are a number of sources like TV, radio, internet, newspapers, etc via which t...
 
Get all the agricultural news through Punjab online news
Published by Nidhigupta on July 13th 2012 | Business
Who is not aware of the state of Punjab!!! Even the foreign countries are very well aware about this...
 
Get updated with the latest India news
Published by Nidhigupta on June 6th 2012 | Business
India is a very unpredictable country. Anything can happen anywhere and at anytime in this nation. A...
 
Instant online access to latest news
Published by Nidhigupta on May 15th 2012 | Business
There are various exceptional features of news which a person would find. There are several features...
 
Learn about various sources that feature breaking news India
Published by Nidhigupta on June 25th 2012 | Business
In India, people are willing to educate themselves with the most recent and latest news about the co...
 
The country has come together with the state news of India
Published by Nidhigupta on July 11th 2012 | Business
We all understand that it is essential to have proper news not just about the country as a whole but...
 
Stay tuned to the latest India news
Published by Nidhigupta on June 21st 2012 | Business
Nowadays, breaking news has become a state of art. If not delivered fresh, it may become stale the ...