2010-08-12

Gold Is On It's Way Up Again

Gold rallied overnight off the back of the Fed’s commitment to extend its quantitative easing measures. Citing a “more modest” pace of economic recovery than originally anticipated, the FOMC said it would be reinvesting redemptions on its mortgage backed securities into long-term Treasuries, effectively maintaining its US$2tr balance sheet.

Both the Fed’s commitment to maintaining liquidity and its deteriorating growth outlook are broadly speaking bullish for gold, however, a resurgence in dollar strength has once again stymied gold’s advance this morning with spot gold falling below $1,200/oz. Once the dollar stabilizes or weakens again, we expect to see decent buying interest for gold re-emerge Gold support is at $1,194 and $1,184, while resistance is at $1,210 and $1,217.

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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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