Gold will glitter in the long run

Shanghai (CNS) -- Market insiders remain positive about the long-term potential of gold prices in spite of the recent drop, CNS reported on Tuesday. The international gold price fell to around US$ 1550, a dip of 5 percent in two weeks.

The flagging price results from a stronger U.S. dollar and thus the fear that the weaker euro might cause another credit squeeze and a slowdown in market liquidityKorean Whimsical divas. on the other hand, price declines in raw materials and basic metals can keep commodity currencies from bouncing up in the short run, said Senior Vice President Wong Leung-Heung with the Development Bank of Singapore.

Gold is the best alternative to currency and increasing gold holdings will become a major trend if recent market observations are any indication, added Wong.

A Hang Seng Bank report also asserts that the loose policies of the U.S. and Europe's debt problems will stimulate the demand for gold and reduce the risks of a price slide in the precious metal.

 Chinese breathtaking beauties.