Gold dollar rise at the "double safe haven" towering burst on the scene.

<P> While many people still hold the "dollar up, gold down," the old thinking, the international price of gold this week, but ignoring the dollar index continued to rise, once reaching record highs. .In this regard, analysts pointed out that the turmoil in financial markets and the sharp rise of inflation expectations test, the dollar and gold "double safe haven" investment style has been Blair. .</ P> <P> Tuesday, the New York Mercantile Exchange, gold futures for August delivery hit a price of $ 1,254.50 / ounce, a record high. .On the same day, the dollar index to a high of 88.10, close to March 2009 high. .This is undoubtedly subvert the price of gold over the past ten years the inherent negative correlation with the U.S. pattern. .</ P> <P> "the dollar and gold are considered to be a safe haven, and a good place for speculative capital - at least in the current volatile financial environment, it is a good choice." Gold investment group president of Golden Summit .Tao Xingyi said. .This year, he has been bullish on gold. .</ P> <P> the current price, the stock of gold and gold than the end of October 2008 the beginning of the global financial crisis and low of that period to about 85% higher. .Considering the dollar has been rising as well, then, gold prices go too high, too soon speed up. .Since December 2009, the dollar index has increased from 75 to the current historic low of around 88, or 17%. .In this regard, Tao Xingyi that "despite the U.S. dollar relative to other notes more secure, but the proliferation of paper money caused by the fear of wealth, is the value of gold is re-measured the characteristics of monetary gold and further enhanced." </ P> .<P> high Purcell Riley King, principal analyst, said gold and silver, and gold will no doubt face the risk of a stronger dollar, and is happening now. .However, even after the U.S. economic recovery ahead, the dollar is still facing a lot of pressure, the long-term U.S. dollar situation is not optimistic. .Quantitative easing policy as long as there is no exit, then the gold relative to the global trend of currency appreciation will not change. .</ P> <P> Clearly, because of turmoil in the European comparison, the U.S. dollar against other major currencies will remain fluctuations. .Analysts expect the short term the U.S. dollar and rising gold price trend is still difficult to synchronize changes. .Fitch Ratings 8th of this month issued a warning to Britain, urged the country's deficit reduction as soon as possible to ensure that its debt rating is not affected, and noted that Britain is facing an extremely severe fiscal challenges. .Affected by this, the pound fell against the dollar in nearly two weeks since the low. .</ P> <P> Citigroup Inc. (Citigroup), chief global currency strategist Steve (StevenEnglander) said Tuesday that the next 1-3 months the euro against the dollar will further decline, could fall to 1.10-1.15 .between. ."We envision the worst case of the euro against the U.S. dollar fell to parity. But weaker euro may result in the euro zone exporters more competitive and, ultimately, pave the way for the recovery of the euro." </ P> <P> At present, the investment .For those concerned about the continuing debt crisis in the eurozone, the euro / dollar this week fell below the 1.19 level, the highest to the lowest level in early 2006. .So far this year, the euro fell against the U.S. dollar has been about 16%. .</ P>.