Gold Market Is Quiet

The gold market is quiet. While Eurozone inflation last week has once again confirmed that current inflationary pressures remain non-existent, the market will be focusing on CPI figures in the US later this week. Expectations are that inflation will remain subdued in the US for now.

However, we will also look at the US industrial production growth figures to see whether demand from the industrial sector is improving. Should growth figures show a marked improvement inflationary expectations may also climb faster.

Gold is finding very good resistance at $960. A break above this level could see the metal test $972. Support is at $952.


Related Posts Plugin for WordPress, Blogger...

KLSE Info Zone

About This Blog

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

Blog Malaysia


  © Free Blogger Templates 'Greenery' by Ourblogtemplates.com 2008

Back to TOP