Gold jewelry sales rise in the value of gold in the UK

Rise in the value of gold sales in the UK



Sign specializes in gold and jewelry in gold prices to exceed the barrier of 1200 dollars per ounce during the year, citing the orientation of the global economy into recession. Sulaiman said Othaim: forecast of the World Bank and IMF, the proportion of world economic growth will not exceed 1% during the current year would make the investors are turning to gold to gain price missing in all other investments, particularly capital markets and real estate market.



The Othaim the current financial crisis is the main reason for the continuing rises in the price of gold globally, "said Suliman Al worsening economic crisis and the situation of uncertainty that pervaded all aspects of economic life will have a major impact on all markets and goods, and added:



If the situation continues as it is now, the consequences will be dire in terms of rates of economic growth of the States, but on the contrary, we find that the prices of gold and as a result of that safe haven during times of crisis we have seen significant growth; as a price above ounce thousand dollars thus achieving the highest price during the seven months ago.



The Othaim that the gold in 60 days has achieved an increase of 25.9%, up from about 810 dollars an ounce to about 1020 dollars per ounce at the end of trading on February 20, 2009 During that period, gold, the biggest jump in seven months ago, surpassing the 960 dollars per ounce in mid-February.