Gold Prices Still Highest Point

Detik.com October 8 - U.S. dollar began to strengthen after a decline. But gold prices have not subsided and are still entrenched in its highest point.

Investors are buying gold to continue the action and other precious metals for fear that the dollar will strengthen again and brought the threat of inflation.

In trading Wednesday (7/10/2009), the price of gold in the four spot market through U.S. $ 1048.20 per ounce before finally receding to U.S. $ 1041.75. This price is still higher than the final price on Tuesday at U.S. $ 1040.85 per ounce.

On COMEX, which is a division of the New York Mercantile Exchange, gold for December delivery closed up 4.70 dollars to U.S. $ 1044.40. The price of gold in this market to move in the range of U.S. $ 1.037-1.049,70, which is also a record high.

Gold prices have climbed to record 20% this year as the U.S. dollar continued to decline and fears of inflation after competing nations billions of dollars in mengguyurkan crisis. Gold rated as the safest investment place of interference inflation.

Prices of other precious metals also gained the Palladium that could penetrate U.S. $ 313.50 per ounce, which is the highest point since August 2008.

While the U.S. dollar has now started strong, making gold failed to penetrate the psychological level of U.S. $ 1050 per ounce. But analysts said the momentum is still going to be there.

"When the market moves so much in two days, you must be berekspektasi it paused to draw breath. But we do not see many signs of people going to bail out and take profits here," said Tom Kendall, metals analyst from Mitsubishi Corp was quoted as saying by Reuters on Thursday (8/10/2009).

Daniel Sacks, Co-Portolio Manager of Investec Global Gold Fund says, the price of gold will test the new highest point in line with the development of IV quarter.

"We believe this will continue. The price of gold is still half of the highest point in real terms, despite having rallied in the last 8 months," he said.

IDR 9400/US$

Detik.com October 8 - The rupiah continued to move strengthened and now stand at 9400 levels of per U.S. dollar. However, profit taking is predicted to block the rate of the rupiah pengautan today.

In trading Wednesday (7/10/2009), the rupiah strengthened opened again to 9420 per dollar, compared to yesterday's closing level of 9440 per U.S. dollar.

Rupiah since the last two weeks moving very significant indeed. Foreign capital flows to emerging markets to use the momentum weakening U.S. dollar makes dollars more powerful. And the strengthening of the rupiah happened at all without the intervention of BI.

While the U.S. dollar in global markets worse off after the report Gulf countries will take off using the U.S. dollar in oil transactions.

Euro scoop to 1.4715 dollars, compared to 1.4648 earlier in the level of dollars. The dollar also weakened the yen to 88.82 yen positions, compared to 89.51 yen earlier on.

"In the end the movement with oil trading currency allows more varied. But in our view, reports The Independent's made it to occur more than necessary," said Barclays Capital analyst, Adarsh Sinha was quoted as saying by AFP.


English daily 'The Independent', citing a source said, the Arab countries are now serious talks with Russia, China, Japan and France to replace U.S. dollar with a collection of gold and currency to trade oil in 9 years.

The Independent in its headline to write a special report titled "Death of dollars". The report was written, the Arab countries will use the 'basket of currencies' which contains a combination of yuan currency, euro, gold and some other currencies for oil transactions.

Mutual Fund Industry

Public interest to invest in mutual funds are still relatively low because the level of trust is still low. Educate the public had now become an important thing to do.

To develop this industry, many challenges to be faced by the Investment Manager. The main thing is, is still low public confidence would timed investments of mutual funds.

Challenges mutual funds is low public confidence. Therefore it is important to educate the public. Educate the public can be done in a variety of things such as education regarding the management of their funds. And do not forget, to provide motivation for people to manage their income.

He explains, is still a lot of confusion income people who spend their income as day-to-day.

"Even sometimes they have incomes 100%, then their needs are served until 120%. With the credit card, it can happen, and a lot happened.

Communities also need to manage their asset allocation. Idelanya by separating asset allocation to fixed assets and asset risk. To invest with greater risk such as mutual funds could use the risk assets.

In the long run, investing in small-risk products are not reliable. Because the rate of growth of this product could not pursue the inflation rate increases every year.