Liquidation of positions by Japanese investors has also affected gold

Financial markets across the globe remain focused on Japan. Problems at the Fukushima nuclear plant are keeping Japan in the headlines and raising uncertainty about the extent of the damage to this economy and, more specifically, the manufacturing sector. As highlighted yesterday, among the precious metals, PGMs have borne the brunt of this uncertainty and the prolonged
disruption to Japanese manufacturing. Nevertheless, the liquidation of positions by Japanese investors has also affected gold and silver, with the selling spilling over into the European and US markets yesterday.

Overnight, along with a rebound in Nikkei stocks, the sell-off of precious metals seems to have abated (although platinum and palladium still look vulnerable). As is the case for equities, it would appear that investors consider yesterday’s sell-off as overdone and are cautiously re-entering the precious metals market. This, together with a weaker dollar and some interest from the physical market, could see some upside for gold and silver. The situation remains volatile for PGMs.

Gold support is at $1,377 and $1,355. Resistance is at $1,426 and $1,452


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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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