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

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...
 
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 news is very beneficial
Published by Nidhigupta on June 12th 2012 | Business
Everyone today is keen on knowing about what is happening in their city, across their country, aroun...
 
Hot off the fire world breaking news
Published by Nidhu Gupta on June 16th 2012 | Business
It is very important for us to be aware of the happenings and events of the world. This can only be ...
 
The progress today news has made
Published by Nidhigupta on June 2nd 2012 | Business
News is made available to us via news channels, news blogs and websites which feature all the recent...
 
Now get the latest news online
Published by Nidhigupta on June 26th 2012 | Business
News, as we all know, is the most popular and leading medium used by the media to reach out to the m...
 
Updates of world news through internet
Published by Nidhigupta on May 28th 2012 | Business
The most greatest aspect of these news channels is that there has been a complete merger of various ...
 
The advantages and drawbacks of entertainment news
Published by Nidhigupta on July 6th 2012 | Business
Today news is considered and is indeed a very strong and the most popular weapon which is used by th...
 
Health news releases – Your path to success
Published by Hall Clark on March 12th 2012 | Business
Many businesses do not have the funds to distribute their news releases professionally. Earlier it w...
 
Get the India news today
Published by Nidhigupta on June 13th 2012 | Business
Television as we all know is the most famous and likeable source of delivering the latest news. A lo...
 
The latest news that reflect poor conditions of mother earth
Published by Nidhigupta on July 19th 2012 | Business
However, the breaking news is not just limited to these natural calamities. Human still undertake m...
 
International news- then and now
Published by Nidhigupta on June 2nd 2012 | Business
People all around the world are keen on knowing about the issues and matters of every country. Inter...
 
Access latest entertainment news easily
Published by Nidhigupta on July 12th 2012 | Business
People are always interested to have news about the entertainment world. Who does not wish to have a...
 
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...
 
The popularity India news is getting day by day
Published by Nidhigupta on May 28th 2012 | Business
News as we all know is delivered to us by television, radio, internet, newspapers and other forms of...
 
How to start real estate news letter
Published by Dany on April 19th 2012 | Business
Real estate news letter is considered to be an effective advertising and marketing tool for real est...
 
Breaking news from the globe
Published by Nidhigupta on May 26th 2012 | Business
It is crucial for everyone in order to depend on day to use global news. We are able to acquire a gr...
 
Means for getting top world news
Published by Nidhigupta on May 1st 2012 | Business
The web is responsible for the dealing of the potential energy in the globe. The internet might stan...
 
Enjoy your morning tea with breaking news India
Published by Nidhigupta on June 25th 2012 | Business
The recent past events evidently show that India is a country where uncertain events happen. The ear...
 
The progress of state news of India
Published by Nidhigupta on June 12th 2012 | Business
News, as we all know keeps us updated with the most recent and current affairs that are taking place...