2009-09-01

Gold prices may continue to be volatile this week


















Gold prices may continue to be volatile this week, most likely moving between USD940 and USD980. Prices may be stronger earlier, dropping back as the week progresses. A break below USD940 level could push prices toward USD930 or even USD920, but such a move may be brief, as dips to such levels could see increased bargain-hunting buying from a spectrum of investors.

Despite summer doldrums in the Northern Hemisphere gold prices have been firm, holding above USD930 throughout August. This suggests strong investor interest. There has been some optimism about improving world financial conditions but many investors still remain concerned that the current rally in the financial markets could end abruptly.

Fundamentally, financial markets continue to be vulnerable to another leg down. Given this fear, investors have been adding gold to their portfolios, as a safe haven, especially on dips in prices. At the end of last week combined ETF gold holdings stood at 53.7 million ounces, up marginally from 53.5 million ounces held on 21 August. Investors may decide to buy at higher levels by the middle of September, rather than wait for another drop in prices.

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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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