With increasing the size of their property investors of gold fear of slowing economic growth and after the billionaire John Paulson and George Soros bought more gold, rose gold traders speculating on gold during the last six weeks.
In a poll conducted by Bloomberg News, and published the Middle East predicted 14 of the 26 analysts higher prices next week, while the predicted six of them falling prices, while six others, they were neutral, making rate speculation on higher prices highest since July 6.
The Paulson increase its stake in SP-R Gold Trust, the largest producer trader in the stock market powered gold, 26 per cent in the second quarter, and the Soros increase the size of his possessions of gold has more than doubled, according to records revealed the Securities and Exchange on 14 August.
The euro zone shrank in the second quarter after the worsening debt crisis led to the entry of at least six countries in a state of recession, as revealed EU data released on August 14.
And increased purchases of bullion and gold coins by 15 per cent in Europe in that period, according to the World Gold Council said yesterday.
And slowed growth in the United States during a period of three months until last June, and may extend slowing economic growth in China to the seventh quarter after the cessation of export growth in July, as disappointing industrial production and lending economists’ expectations.