Gold turned lower after non-farm payrolls came in at 243,000

The gold price fell $8.35, or 0.5%, to $1,751.47 per ounce Friday morning as the January U.S. jobs report came in well above expectations.  The price of gold turned lower after non-farm payrolls came in at 243,000 – handily beating the 140,000 consensus estimate among economists.  The unemployment rate dropped to 8.3%, below the expected 8.5% level and the best reading since February 2009.The gold price was also pressured by the U.S. dollar, which rebound from earlier losses against a basket of foreign currencies.  European markets extended their gains following the report, while S&P 500 futures climbed 0.9% to fresh six-month highs of 1,334.75.

 Dennis Gartman, publisher of the widely-read Gartman Letter and a long-time commodities investor, reiterated his bullish call on the gold price and equities yesterday.  “Gold is rising in terms of all currencies these days,” he noted.  “Gold is a protest against monetary expansion, and hence we might well consider owning equities AND gold, for both have been, are, and will be the beneficiaries of these expansionist policies.”
Anne-Laure Tremblay, an analyst at BNP Paribas, also presented a bullish case for the price of gold in a recent note to clients.  “Gold’s fundamentals are strong and the recent rebound in risk appetite has encouraged investors to come back to the market or add to their existing positions,” said stated.  “We expect gold to reach new highs in 2012, although episodes of extreme risk aversion may trigger corrections along the way.”


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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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