Trading on Monday we saw, gold rise to above $1,390 p/oz. The $ however slipped compared with the Euro currency once again.
With a sharp increase in the gold price brought back investors that had either sold out within the last 7 days. The Gold Price has dipped a little near enough to 2% which has scared of some Gold Investors.
With a sharp increase in the gold price brought back investors that had either sold out within the last 7 days. The Gold Price has dipped a little near enough to 2% which has scared of some Gold Investors.
About a week ago gold prices hit $1,430.95 p/oz, a new record but investors took advantage of the sell off opportunity.
December delivery of US gold futures was quoted at about $1,397 per ounce. Experts agree that while the dollar is struggling, gold will stand very strong.
The same about euro many woes. As the European Union finds it difficult to gain control over its economy, gold will be seen as favorable.
No comments:
Post a Comment