Potential for further downside in gold remains exposed

After trading sideways for the better part of yesterday and overnight, gold has come under strong selling pressure this morning, weighed down by a stronger dollar and an apparent lack of interest from investors. Physical demand is fairly robust at these price levels, although support is not what it used to be, especially with Indian buying still relatively lacklustre as participants contemplate how to cope with the higher import duties.

With physical Gold demand not at full strength and waning investor enthusiasm, the potential for further downside in gold remains exposed. This potential downside could be heightened by US data flow and scheduled comments from Fed representatives (Tarullo and Bernanke) if either event should raise concerns over the Fed’s commitment to extended monetary accommodation.


Related Posts Plugin for WordPress, Blogger...

KLSE Info Zone

About This Blog

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

Blog Malaysia


  © Free Blogger Templates 'Greenery' by Ourblogtemplates.com 2008

Back to TOP