Gold price continues to rise on falling production

Gold prices are expected to rise further as production of the precious yellow metal . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,women's jewellery.You can wholesale jewellery.is expected to fall again this year, a top industry official said.
Goldman Sachs has . Fashion accessories are decorative items that supplement one's garment, such as fashion jewellery,jewellery for sale here,we aupply womens accessories,jewellery rings,gold jewellery,women's jewellery.You can wholesalannounced an increase in its gold price forecast. It has upped its three-month prediction from USD 700 per ounce to USD 1,000 per ounce.
Goldman Sachs has become the latest to up its forecast in the past two weeks, following similar moves by Morgan Stanley and UBS, which have revised their predictions twice.
An upward pressure on gold prices is anticipated as its production is slated to fall further this year.
Gold is currently benefiting from the global turbulence and the fact that investors have reposed their faith in the yellow metal as against other supposedly safe assets.
Gold has emerged as the best investment in periods of economic uncertainty such as the one confronting the global economy now.
Gold price is currently around the USD 900 per troy ounce mark and some commentators such as US equity manager, Francois Moute, expect it to hit the USD 1,600 barrier in the next year.
Peter Hambro, . fashion accessories are decorative items that supplement one's garment, such as fashion jewellery, gloves and tights.JeChairman of Russian gold producer Peter Hambro Mining, is making no exact price predictions, but expects the price to continue its rise through 2009.
"Over the short-term, gold always responds to what's going on in today's market and that is what we are seeing today," Hambro said.
But over the medium-to-long-term, the underlying supply and demand fundamentals have a bigger part to play in determining the price.Gold production fell last year and may fall further in 2009. This is partly due to the lack of exploration success by the gold mining industry which discovered 15 million ounces last . The idea that a small Necklace is dangerous to patients is at best absurd.year, compared to production of 80 million ounces.