Physical buying remains on the sidelines

Despite ongoing unrest in Libya, appetite for risk appears to be making a tentative reappearance. In addition, the possibility that OPEC might increase output has tempered the rally in oil prices, easing concerns over rising global inflation. The factors have seen investor interest in precious metals dwindle, pushing the complex marginally lower. Physical buying remains on the sidelines, which is also weighing on gold and silver. However, we maintain that this dip is temporary and that the potential for more upside exists as long as the conflict in Libya remains unresolved and as the political upheaval spreads to other oilproducing countries in the MENA region.

Gold support is at $1,424 and $1,417. Resistance is at $1,439 and $1,445.


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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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