Gold price will Decline

To investors, Gold prices are rising at the time of global stock turmoil is predicted to decline within one to two weeks.

According to Standard Chartered Bank economist Fauzi Ichsan, one to two weeks the market is still volatile. But after the economic data came out and the certainty of the world economy, the price of gold can be corrected.
"The share price could rise again," said Fauzi as quoted from

Gold prices rise due to declining investor confidence in the dollar. This is due to decline in America's long-term credit rating by Standard & Poor's from AAA to AA +.

"But if this seems a temporary increase, later, if for example the market has calmed down, then gold prices could begin to fall again, corrected," he said.

For the time being, said Fauzi, the market is more likely to choose gold investment compared with stocks and U.S. dollars. "If the panic is over, it's the market still panicked, still full of uncertainty," he concluded.

Not only hunted abroad, a number of investors in Indonesia are also hunting gold, especially gold bullion. It was seen in the Business Unit Precious Metals Processing and Purification of PT Aneka Tambang (Antam), Pulogadung more crowded than usual days. 1 gram gold price in the range of 500 thousand.