Physical interest in gold has come off

Stronger-than-anticipated US manufacturing data on Friday eased concerns about the health of the US economy, which decimated demand for gold and silver as safe haven. However, platinum and palladium still benefited, most likely on the prospect of industrial demand. PGM even managed to shake off the disappointing US auto sales figures.

Physical interest in gold has come off, with buying on dips much less aggressive than we saw last week. Given current market positioning (as evident from the latest CFTC data), we could see gold perform particularly well should the Eurozone debt concerns prompts a resurgence in risk aversion. Silver however, still looks vulnerable.

Gold support is at $1,481 and $1,468. Resistance is $1,506 and $1,516.


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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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