Gold Price Rebound After Hits Below USD 1,100















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.

Comments

Popular posts from this blog

Gold edges up on weaker dollar, dovish U.S. Fed policy bets

India, not Trump, is the real reason behind the crash in gold prices

Gold Price Futures (GC) Technical Analysis – Trader Reaction to Minor 50% Level at $1954.80 Sets the Tone