In recently year, Gold became one of all investment to gain benefits in near future but there are many factors increasing gold price. Gold is an expensive resource from nature because Gold needs many centuries to form many kinds of mineral together. Gold was formed into accessory instead of other product because it is rare.
Gold price is up to 1400 dollar per ounce because of high price of gold, Federal Reserve have to decrease dollar’s value. There are several factors to make gold’s price high, and the biggest factor among all factor is oil’s price. When oil price is grown up, every product’s price is grown up including gold. In London, Gold price is increasing 0.02 per day, and it happened about 2 year and continued until today. According to increasing of gold’s price, Gold is demanded by big investors. Also, other commodities price is increasing with oil price and gold such as copper, sugar, cotton and else. India fears increasing sugar price because it is main export of India. If sugar price grow up, people demand is decreasing.
In my opinion, gold is one of factors needed to control because there are many effects from gold price. Government should come out and control selling gold over price.
http://www.ft.com/cms/s/0/07dd617a-e8c5-11df-a383-00144feab49a,s01=1.html#axzz14PXp8Cew
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