{Tech Fin}

For the last six decades Gold has been the only commodity to see a continuous increase in price year on year. Hardly a year has passed by, when the Gold prices have gone down. Instead, the increasing global economic uncertainty has only forced individuals across the globe to buy as much Gold as possible for hedging their hard earned savings.
Now countries like India, China and Japan are joining the bandwagon, because they do not find any more sense in investing all their trade surplus money into US treasuries. Till a year back, all these countries used to invest their trade surplus into US treasuries which in turn was funding the US deficit.
But after the global financial turmoil triggered by the American investment giant, Lehman Bros, last year, all these countries have seen their trillions of dollars of investment in US treasuries losing value. Also with the US running on unmanageable deficit levels, these countries are now buying Gold aggressively.
Gold prices thus touched a new multi year high of 1187 dollars to an Ounce in the London Metal Exchange last week. Experts say that the prices can reach 1400 dollars within the next four to six months, only because there is a big economic rebound in China and India.