Gold will hit 1,400 dollars per ounce this year.

The gold price today has exceeded the average driving on 100 for the third time in a row for the first time since October, 2013 precious metals also closed on an average 40 days responsible for since March 1. "Patterns that signal the price would rise 8. 5 percent in late March, "Sterling Smith of Citi Futures said. Volatility in emerging markets and signs of weak U. S. Job market helped the gold price rise 7. 3% since the beginning of this year after falling 28 percent staubflocke last year, the largest reduction since 1981. Gold prices on the nyc market as of yesterday had the chain than it longest increase since August, 2012. "Market psychology seems to be changing slowly, and gold are inviting investors, "Michael Gayed, head of the investment strategy of the Pension Partners LLC, which manages 250 million Bloomberg's interview over the phone. "Activity shift money will continue to support gold. I would like to say that, a division of investors are back with gold and some are buying at these prices ". Yesterday, the price of gold, at one point was to 1,296 dollars per ounce, the highest since November 8, 2013. Price had six consecutive increases, the longest since June, 2012. The impact over 100 near the 1,271 dollars per ounce level. The price of gold will reach $ 1,400 this year if the number of contracts rose again, according to George Gero, second in command of RBC. "When do we see there are many investors back to the market, prices will begin to accelerate, "Gero said. Technical indicators showed that the gold began to accumulate power ". Chile.