Gold prices declined slightly today

Spot gold prices declined more than 1 percent in trading in Asia. Starting this week, investors chose to invest their money assets are more risky.


In trading on Monday (8/15/2011) The spot price of gold touched a record 1814 U.S. dollar fell to 1732.5 U.S. dollars per troy ounce (31.1 grams). Gold prices fell 13.80 U.S. dollars price in trading Friday from last weekend.

Team of analysts at Barclays Capital estimates that the point of support gold prices are at 1679 U.S. dollars per troy ounce. However, for long-term gold price forecast to continue rising.

This can happen given the economic outlook remains poor in Europe and the U.S. continues to worry investors. Investors buy gold that is considered safer assets during financial market turmoil