English
Răzvan Furtună, the head of the Treasury Products Sales to Retail Customers of BCR, part of the Financial Markets Division of the Romanian Commercial Bank (BCR), considers that the price of gold will continue to rise, as portfolio investments in gold are becoming attractive. According to a report by Erste Group, gold could reach 2,000 dollars an ounce in mid-2013. The report mentions that the real interest rate was negative in 47% of the months since the beginning of 2000, which represents an optimal environment for gold. Monetary expansion and the fact that the sovereign debt problems in Europe remain unsolved will cause the price of gold to rise again.
"It is not gold that is rising, it is the currencies that are depreciating", said Răzvan Furtună, who added: "The level that gold reached in the summer of 2011, of over 1,900 dollars/ounce, was determined by the significant pressure which existed in the market, which led to a correction. The current price level is stable, and it is close to what we estimated. Volatility has dropped, because the pressure on the derivatives market has decreased".
Euro
Dolar SUA
Franc elveţian
Liră sterlină
Gram de aur
