The price of gold today has updated a two -year minimum

In Singapore, today the price of gold fell by another 0.4 percent to $ 1,276 per ounce after yesterday’s decrease by 0.7 percent. Today, gold is traded near the lowest level since September 2010 amid the fear of investors associated with the possible reduction in credit stimulation of the American economy and a slowdown in Chinese growth.

Last week, the price of gold fell to $ 1,269.46, updating the two -year minimum on September 16, 2010, after the US Federal Reserve Chairman Ben Bernanke said that the Central Bank could reduce the asset redemption program in case of further improvement of economic indicators of the United States. Currently, the Fed monthly redeems debt and mortgage papers for $ 85 billion.

"Shocks in developing markets and low -growth prospects in China exerted pressure on the price of gold," says HSBC Securities (USA) Inc. James Style. "The expected physical growth of demand for cheaply precious metals will soften the fall and will not lead to a significant reduction in prices of such a thing that happened in April," he added.

Recall that the prices for precious metals fall since April, when the cost of gold lost 24 percent after daily growth for 12 years. Morgan Stanley analysts reduced their forecast for 2013 to $ 1409 per ounce from 1487, reduced the forecast for 2014 to $ 1363 and corrected their vision of gold prices in 2015 to $ 1350.

As reported, according to the forecast of one of the large New York investors, by the end of 2013, the cost of trox ounce of gold will fall to $ 1300, and in the spring of 2014 they will be given less than $ 1250 for it.