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Gold's sell-off coincided with a rebound in the U.S. Dollar Index
From Malaysia Gold Investment, 7 month ago, Read 0 times. Similar articles
The gold price oscillated near $1,650 Thursday morning. Rumors out of Europe that its leaders were prepared to expand the size of the European Financial Stability Fund (EFSF) have led to increased volatility in gold prices as well as in the broader stock and commodities markets. The UK-based Guardian reported that France and Germany are ready to approve a 2 trillion euro rescue fund for Europe and its ailing banking system.Gold's sell-off coincided with a rebound in the U.S. Dollar Index...
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Gold Price Hits Back To Above USD 1,140
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Gold price broken above USD 1,140 level, base on the chart the gold price may end the correction and continues the bull rally. During the gold price dip the market buying fouce still high. China and India keep buying gold during the price drop and take up all gold sale by ETF.For sure I think China and India is above to replace USD reserve to gold bar. If the replacement completed so the USD dollar will be not value. The gold price will drop abit base on the chart but this is the time to buy in...
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Gold pushed higher today to the key technical pivot near 1140
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Gold opened on its lows at 1124.50/1125.50 and gathered momentum as the dollar retreated, finding resistance near 1130.00. Oil initially tumbled on the back of much greater than anticipated weekly inventories, but later made back lost ground and gold followed. Investors continued to push the metal higher, peaking at 1138.00/1139.00. It ticked marginally lower near the tail end of the session, finally settling at 1135.75/1136.75.Technical CommentaryGold pushed higher today to the key technical...
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Gold will trade higher in 2010.
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Today sees the release of PMI/ISM Manufacturing indices for major economies. After a good reading from China's PMI index early this morning, risk appetite is good. This is benefiting commodities including precious metals. Precious metals are also benefiting from a slightly weaker dollar.While there is good buying interest this morning, the week ahead is data heavy and as a result buying could drop away as the week progresses. Most notable is Friday's US non-farm payroll data which has been...
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Weakness in the U.S. dollar in 2010 could lead central banks to the gold trough
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
The gold market is expected to open flat at begin of year 2010, based on overnight Globex trade. The dollar is weaker against most foreign currencies and the energy sector is trading higher. Speculative/ investment demand for gold bullion has slowed this month with gold prices down 6.3 percent for the month and down 9.7 percent from the peak at $1227.50. This also reflected in the stats from SPDR Gold Trust as the NAV has lost 3.873 billion dollars from the peak on December 2nd, an 8.8 percent...
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Gold Price Rebound After Hits Below USD 1,100
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Due to USD become stronger gold price have drop to as low as USD 1,050 per ounce before a bounds back to USD 1,109. USD become stronger is just a temporary due to year end effect and this is a vary gold oppecunity to buy gold. China and India still buying gold so how come the price will drop more if they are still a lot of buyer.I think at 1Q2010 gold will go up hits back USD1200 and if it really happen gold price is on rally again to hits USD 1,400 by year end 2010.
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Wish You All A Vary Happy Golden Christmas Holidays, All The Best In Investment.
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Wish You All A Vary Happy Golden Christmas Holidays, All The Best In Investment.
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Gold had fall and about to bottom
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Gold had fall and about to bottom as US dollar go higher but this only will last for above few week after that Gold price will up again due to fundamental US economic still weak. The big picture is not change, inflation, low interrest rates, more social programs, higher taxes, continued high unemployment, house defaults, bankruptcies, bank failures in the US. Once the short covering is over expect the USD to continue its downtrend.
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Gold Price May Drop More
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Gold is directionless this morning, range-trading between $1,097 and $1,091, after a stronger US dollar weighed on precious metals in New York trade yesterday. Open interest on the February 2010 COMEX gold future decreased by 9,808 contracts yesterday'which also weighed on gold market sentiment. In spite of that however, the retracement in the gold price did appearedto attract new ETF inflows. Of note, the SPDR Gold Trust ETF, the biggest gold-backed ETF, increased its gold investment holdings...
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Gold Price Is Going No Ways
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Today's gold low at $1,111.60 confirmed two similar lows last Friday and Saturday, painting a double bottom of sorts. Gold is sawing between $1,128 and $1,115, going neither forward nor backward. Who knows, we might have already seen the bottom in Friday's crisis. Till January we may be plagued with a sideways market talking out of both sides of its mouth (that's the English translation of "equivocal"). Right now we can only wait for breakout one way or the other: over $1,128 and then $1,142,...
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With gold close to $1,110, we have seen some physical buying return
From Malaysia Gold Investment, 2 year ago, Read 0 times. Similar articles
Greece is struggling with its debt burden, reflected by Greece sovereign bond spreads having risen sharply in recent days. The euro may therefore continue to struggle. And so, we expect precious metals to struggle too.Friday's US data was very positive ? especially consumer confidence data. However, we also see the rise in US business inventory in October as positive. It is the first time since August 2008 that US businesses have increased their inventories. Once businesses start to re-stock,...
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