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In Historical, Gold Prices Rise in September

In Historical, Gold Prices Rise in SeptemberWorld gold prices continue to creep up. Based on Bloomberg data until 16:00 o'clock in the gold price of the commodity futures markets of New York (CMX Futures) for October delivery contract on the position of U.S. $ 988.10 per troy ounce.

The day before, Thursday (3 / 9) world gold price could reach its highest level this year at the level of U.S. $ 996.30 per troy ounce. If you count this week, gold prices have soared 3.19% than last weekend in the position of U.S. $ 957.50 per troy ounce.

Vice President Valbury Asia Securities said Nico Omer Jockheere gold prices triggered by increased demand for commodities of gold.

"The price of gold has historically strong in September," he said. This is the opposite of what happened in the history of the stock market.

In addition, he said the future until the end of many celebrations like Eid, Christmas and new year which makes gold demand increased. Fear factor slowing world economic recovery also kept investors choose investments in gold because it is considered more secure than investments in other instruments.

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