Gold is declining .. And determined on 1709 USD/Troy an ounce

Japanese Stock market pushed Comex down

Gold prices on Saturday, record a slight fall, where you specify the price of gold at 1709 USD/Troy an ounce, down of 1712 dollars in the previous session pieces.

The news agency “Reuters” British news agency that the price of gold pieces set in theevening session in London at 1709 USD/Troy an ounce, down of 1712 dollars in the previoussession pieces, while the price of gold at the previous close in New York of $ 1707.79 an ounce.

Analysts expect gold prices will exceed the barrier of $ 2000 per ounce this year and soon fears of the poor performance of the global economy in general and the European and American in particular.

And continue many of the global markets in the search for an alternative to the U.S. dollar,  with some markets went toward keeping the yellow metal as a strategic reserve for their central banks, rather than the dollar, which contributed to the strengthening demand for gold as a safe haven.

The analysts that gold is rising in nearly ten years may continue to rise over four years, at a slower pace with the decline in inflationary risks by shifting to a more normal economic conditions.