2011-03-02

Gold Is Rally Up Again!

Although the political turmoil in Libya remains unresolved, it would appear that markets have grown weary of this story and that investors are tentatively regaining some appetite for risk. US equities posted modest gains yesterday, and Asian stock indices ended in the black. European equities are following the trend and US equity futures point to further upside today. This
cautious enthusiasm for risk is dampening investor interest in precious metals, although there remains sufficient support to avoid a sell-off.

With oil prices relatively subdued, and price data flow out the US and Eurozone coming out largely in line with expectations, the threat of rising global inflation has also taken a back seat for now. This has withdrawn the inflation-hedge demand for precious metals we’ve seen over the past few days. Nevertheless, this afternoon’s testimony by Fed Chairman Bernanke will attract interest as investors look to hear the Fed’s views on the oil price and its impact on the inflation outlook. Once again, markets will also be looking for reassurance that monetary accommodation will remain the order of the day. Another highlight out the US will be the ISM figures. Consensus is for a modest rise to 61.0 in February (up from 60.8). A disappointing outcome might reignite some interest in gold and silver.

Gold support is at $1,406 and $1,400. Resistance is at $1,419 and $1,424.

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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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