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Gold recorded a more significant increase in the price in the first six months of 2011

Gold recorded a more significant increase in the price in the first six months of 2011, compared to other minerals. Analysts predicted that the price of the commodity would be corrected late 2011. In fact, early August, gold carved again another history with the highest price hike. Would the commodity continue to record price hike significantly or decrease? The condition in the United States is highly decisive

In the January – June 2011 period, the price of gold rose by six percent and was closed at a level of US$1,500/troy ounce late June 2011. In the second quarter of 2011, the price of the precious metal increased by five percent.