2009-05-22

Gold Price Is On The Way To Hits USD 1,000 per Ounce

Due to the falling dollar gold price rose 13.80 today, clearing the USD938-USD941.50 resistance, and leaping half way to the next, and key, resistance at USD965. It closed at USD950.80, but right now is trading about USD954.

The gold price ought to make a quick move thorough USD965, then run for $1,000.00. A USD50 move is nothing for the gold price when it gets steamed up.

Back to Malaysia, Malaysia gold price is at around RM108.18 per gram with currency as below:
CurrencySelling TT/ODBuying TTBuying ODCurrency Notes
SellingBuying
1 US Dollar3.56503.49203.48803.61703.4590

Some report from bank written that Ringgit Malaysia many drop in value again USD by end of the year to 1 USD = RM3.60 if this happen Gold value will be short high.

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Malaysia Gold Investment

I found Gold Investment in Malaysia is a vary good tools to make profit when the market is down. I also found that Gold Price go up and down more slower compare to share market so to make money in long term, Gold is the right tools. This blog is all about Malaysia Gold Info and the way to make profi

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