Panic-Selling Of Gold In Japan

Global markets are fixated on Japan. Equity markets are under pressure following the plummet in the Nikkei this morning. We saw not only selling of equities, but also panic-selling of gold, silver, platinum and palladium in Japan today. The behaviour of the bond market in Japan and the US indicates that Friday’s disaster in Japan will be negative for economic growth. Both markets saw a decline in bond yields which is consistent with higher risk aversion and lower growth expectations.

A slump in growth in the world’s third-largest economy may have a substantial impact on the outlook for global monetary policy. It may move monetary tightening into the future. If so, it would be bullish for especially gold. In the physical gold market, there is buying interest on approach of $1,400 since Thursday last week. However, our view remains that resistance is great when gold approach $1,430.

Gold break below $1,400, we would look at $1,370 as the next major support level.


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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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