Gold futures held near unchanged at $1,608 per ounce on Monday

Gold futures held near unchanged at $1,608 per ounce on Monday as financial markets in North America and Europe remained closed for the Christmas holiday. Silver stabilized as well near $29.10 per ounce in thin trading. At their current levels, gold is now higher by 13.2% on a year-to-date basis, while silver is down 6.0% in 2011.

RBC Capital Markets strategist George Gero wrote in a note to clients that he expects gold prices to trade between $1,600 and $1,650 in the coming week. He contended that a daily close above $1,615 per ounce could lead to a short-covering rally for the yellow metal during the last week of the year.

Equity markets in Asia were open on Monday, as Japan’s Nikkei 225 Index advanced 1.0% to 8,479.34 on the back of Friday’s gains in U.S. markets. In contrast to Tokyo, China’s Shanghai Composite fell 0.7% to 2,190.11 and South Korea’s Kospi dropped 0.6% to 1,856.70.


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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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