Oil Prices Estimated to Soar Above US; is this Iran’s Demise? Reports ITFX
Hong Kong (Nasdaq) 13 December 2011
A published report on Iran? Nuclear program by the inspectors of the UN last month published proposed that a 29 percent increase in the demand for open-oil futures positions, which means that the possibility of oil prices soaring above was U.S. $ 150 per month in the year grew huge. According to senior Iranian official, would the sanctions imposed against Iran make oil more expensive at $ 250 per barrel and in the daily demand for oil is about 38 million barrels of oil, which represents the number of oil futures options equal to one week, this is a gloomy situation. The experts of the online Forex trading company InvestTechFX report that the demand from Asian countries like India and China and Iran? S other trading partners is strong enough to prevent a price increase. Thus, the ban on Iranian exports does not affect the price and the forex market is expected to remain more or less stable.
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The demand for gold by individuals rose 40 percent to a gold dealer in Japan and Customs officials reported that they had land has never been a peak value seen since from 2358 tonnes in 1985 and given the fact that only four central banks all the gold The total exports were estimated at 100 tons in 2011 to reach. The demand for metals such as palladium, which are central to the worldwide automotive industry for the manufacture and production of automotive catalysts also expected to normalize the forex trading market.
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