Gold price climbs again after Citi says record is “matter of time”

The rally in the gold price regained momentum on Monday as investors continue to pile into hard assets amid a flood of easy money on financial markets in the developed world and expectations of a prolonged period of ultra-low interest rates and currency debasement.

Gold for delivery in August, the most active contract on the Comex market in New York with 17 million ounces traded by early afternoon, touched a high of $1,823.40 an ounce, just short of a near 9-year high.

Gold is now up 19.7%, or $300 an ounce so far this year. The last time gold traded above $1,800 an ounce was September 2011, but it ended that year at $1,565 an ounce.

Bloomberg reports, according to Citigroup’s third-quarter commodities outlook, the price of gold “is expected to climb to an all-time high in the next six-to-nine months, and there’s a 30% probability it’ll top $2,000 an ounce in the next three-to-five months.”

“Nominal gold prices have already posted fresh records in every other G-10 and major emerging market currency this year,” Citigroup analysts said.

“It is only a matter of time for fresh” highs in US dollars, they said.

China Stone Crusher Brands

There are some famous stone crusher brands that also sell very well in Asia, Africa, and South America markets. Such as:

• Shanghai SBM
• Shanbao
• Liming
• Huayang
• Sanland
• some others

After some time running, some crushers need to exchange or repair their wear parts.

 

Which China Crusher Wear Parts We Can Supply?

As a casting foundry, H&G Machinery has had cooperation with many China crusher manufacturers. If you have any inquiries about China crusher wear parts, you can contact our engineers freely. Our engineer will help you to get the best quality and suitable price wear parts. No matter which brands, which parts, H&G Machinery is your first choice.

 

What China Crusher Wear Parts We Can Supply?

As a casting foundry, we can supply almost all kinds of crusher wear parts, such as:

• Jaw crusher wear parts. Jaw plates, cheek plates
• Cone crusher wear parts. Mantles, bowl liners/concaves, feed cone, mainframe liners, protection cones, arm guards
• Primary gyratory crusher wear parts. Mantles, concave segments, bottom shell side liners, spider cap, arm liners, rim liners
• Horizontal shaft impact (HSI) crusher wear parts. Blow bars, breaker plates, liner plates, tip sets, distributor plates, wear plates, anvils, and shoes
• Vertical shaft impact (VSI) crusher wear parts. Blow bars, breaker plates, liner plates, tip sets, distributor plates, wear plates, anvils, and shoes

If you need other mechanical crusher spare parts, you also can contact us, we will help you to get the right parts with the cheapest price.

 

@Nick Sun     [email protected]