Analysis of gold prices today – July 22, 2012

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Proved to the world price of gold in the last sessions at 1584USD/Troy an ounce, after the closing session a retreat of 0.2% which led to the sizes of some people from buying gold because of the succession losses and stay in the same area without change for more than two months and is expected gold to commit the same level of prices to next December, which may lead some traders in gold to start moving fast to reap profits by buying huge quantities of gold and put forward after the price of gold to rise until gold breaks $ 1,750 barrier for the ounce of gold.

Many expect the start of big investors in the field of gold and a special purchase in Saudi Arabia, Egypt, United Arab Emirates for the homeland of the Arab world until the direct purchase and sale prices, rising gradually to reap massive profit from the gold trade.