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Portugal’s Prime Minister resigned Rising Gold Prices

March 25th, 2011 - Tags: , , , , , , , , , , , ,
Posted in Umum

RMCGold prices shot up after a ride down in recent days triggered by negative issues due to resignation of the prime minister of Portugal due to rejection of the package of financial policy by the Portuguese parliament. Portugal’s debt rating lowered at the same time that the original A-to BBB by Standard & Poor’s.

Rising gold prices and falling ratings Portugal make Euro slumped against the dollar due to the concerns of investors and want to save funds in the save-haven of the most considered safe. And predicted the price of gold will rise flats.

Comparable with the weakening of the euro, the rupiah remained stable since no positive issues that could boost the rising value of the rupiah so that actions need to be aware that capital market participants took profits. But according to estimates rupiah remained stable as long as no negative sentiment in Indonesia.

The stability of the rupiah is still due to rising crude oil that causes the oil-producing countries will increase their income and historically would reduce the value of the dollar so as to give a good impact on the rupiah currency and other Asian countries. (Winnie)