Gold support is at $1,363 and $1,343

Expectations of further quantitative easing by the Fed, continues to dominate precious metals markets. Gold and silver have extended Wednesday’s rallies, with gold achieving yet another record price and silver reaching a 30-year high.

Aggressive investor buying is pushing gold towards the next major resistance level of $1,400. In contrast, the physical market remains weak, with gold scrap availability remaining high. Nevertheless, we anticipate some seasonal jewellery demand (Diwali ends 5 Nov) to prompt some buying into dips.

Gold support is at $1,363 and $1,343. Resistance is at $1,389 and $1,395.


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