projected financiers, autumn-winter price of gold could reach a new peak, Breaks $ 1000 per ounce. Therefore, wishing to protect their savings through the golden investment to buy a better metal summer, when the price of a few prosyadet

lull

Gold Rush, tsarivshaya on the market the past few months, replaced by a full calm. The difference between the maximum and minimum price of gold in April-June amounted to more than 12%. The minimum price at that time was at $ 868 per troy ounce, with the level achieved over the past three months, twice. Maximum price during the third attempt this year, gold puncture rate of $ 1 thousand to fall to $ 980 per troy ounce. But from the beginning of June again formed a downward trend in prices , - told the head of department operations with bank metals VAB Bank Vladimir Pischany.

The fall in demand for yellow metal on the part of investors and the jewelry industry, as well as the absence of geopolitical vstryasok allowed to revert prices down - at the height of summer, gold has traded in a range of $ 910-922 per ounce. And the experts, this is not the limit.

In the near future may be a correction in world stock markets, leading to a slight decrease in the price of gold to $ 850 per ounce. But such a scenario is likely to occur only in the short term, - predicts strategist Astrum Investment Management Konstantin Litvin.

Events on the Ukrainian market of yellow metal mirror with an accuracy of repeated world-wide trends. The Ukrainian market price of gold depends on the world of quotations, and the U.S. dollar on the interbank currency market of Ukraine. They affect the dynamics of supply and demand of gold in world markets, the rates of leading world currencies, oil prices, as well as economic and political factors in Europe and West , - said the head of department on work with precious metals Bank Khreschatyk Irina Pavlenko.

As a consequence, the high amplitude fluctuations in the prices of precious metals in the early summer of the early die, commit to a minimum. Over the past three months the price of gold in grams of 100-gram bars varied between 232 - 255 UAH. Fluctuation in the Ukrainian market value of about 9% due to pricing based on a pair of hryvnia-dollar, - noted Vladimir Pischany.

But despite years of stagnation, the total increase in the price of yellow metal has surpassed all expectations of analysts. According to their calculations, in the first half, he was about 7% in dollars and 8% - in euros, leaving the level of profitability is far behind all other types of investments. Even more impressive is the dynamics of prices for precious metals in the long retrospective.

For example, 1 January 2006 the price of gold was about 40 uah., 1 January 2009 - around 220 UAH. Not a single currency in the world has not increased the price five times over a period of time, - said vice-chairman of the Bank Finance & Credit Igor Lvov.

Experts predict that in the second half of this year should be a new surge in prices of yellow metal. This will contribute to the instability of world economy and the expected inflation in the Eurozone and the United States. Another significant factor in putting pressure on gold quotes - the behavior of exchange rates.

expansive policies of central banks and as a result of record volume of money, but also a significant increase in government debt around the world can do this inflation problem in the future. In conjunction with the policy of almost zero interest rates and the worsening of the critical relationship to the dollar as a world reserve currency, this situation provides a fertile ground for the growth of prices of gold, - analysts believe Erste Group. Most likely in November and December the price of precious metals will be able to penetrate the box, which vainly tried to reach in the first half.

Over the next three months, gold could reach $ 930-940 bars per troy ounce, and by the end of the year to test the box $ 1000 per troy ounce, - said director of the department for dealing with bank metals and cash management Pravex Bank Semen Babayev.

Ukranians ozolotyatsya in crisis

Bankers noted an increase in demand for gold by private investors and a sharp decline in industrial consumption. For the Ukrainian market is a clear trend of the departure of investors from the dollar to gold because of the distrust in the world currency. Until the end of last year we saw a rise in the share of sales of the metal without physical delivery (in which the client is no question of storage). Since the beginning of the crisis it markedly decreased, which affected the deposits of gold. The influx of gold deposits was resumed only in April, once again revived interest in the metal without physical delivery. The most popular are the 100-gram bars, - said Vladimir Pischany.

Compared to last year, the purchase of gold grew by 22-28%. Part of the money withdrawn from banks by individuals, converted into gold. Many investors see it as an alternative to grivnevym deposits and deposits in hard currency, - explains Victoria Kernesh , an analyst IF Interfon.

interest Ukrainians to accumulate in the precious metals are not hindered and relatively low rates on deposits - depending on finuchrezhdeniya they range from 3 to 5.5% per annum. Even in peak situations where the outflow of funds from the banks has been devastating scale and deposit rates rapidly рвались up, returns on deposits of gold remained unchanged. Unlike traditional deposits of gold deposits are not so prone to azhiotazhnym sentiment, so outflows of money and mass are not observed. That is why banks have not changed the terms of such contracts.
Volumes

placing money on gold deposits, and so grow, although inferior to the classic volume cash deposits. By some estimates, their share in the total deposit portfolio has about 3% , - says Alexander Okhrimenko, Advisor to Chairman of the UGB.

shortly financiers intend to cut even the present modest rates of return of gold deposits. In their view, the rise in the prices of precious metals more than offset the decline in rates, ensuring the attractiveness of deposits for the citizens.

Many operators are likely to reduce the rate of gold. Investors gained too much yellow metal. As soon as the situation has stabilized, they are faced with the problem of storage and will suffer in the deposit. Repeat the situation in 1999 - when the customer first suggested that gold deposits in . First, they acquired ingots, but faced with the problems of storage and lack of interest income. After a while people have the metal on account , - Vladimir Pischany summarized.

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