2012-03-24

Investors to use the recent sell-off to accumulate positions in gold

The gold price climbed $11.90, or 0.7%, to $1,654.89 per ounce on Friday as the commodities complex rebounded from yesterday’s losses.  The price of gold hovered near unchanged at $1,645 in overnight trading, but turned higher amid U.S. dollar weakness this morning.  Silver advanced alongside the gold price, by $0.31, or 1.0%, to $31.78 per ounce.

Despite the recent gold price weakness, one noteworthy and long-time gold bull reiterated his positive stance on the yellow metal.  Philip Klapwijk, Global Head of metals analytics at Thomson Reuters GRMS – the world’s leading metals consultancy firm – urged investors to use the recent sell-off to accumulate positions in gold.

Although the price of gold could dip below $1,600 in the short-term, Klapwijk asserted, he sees it rebounding to $2,000 per ounce either in late 2012 or early 2013.  Klapwijk based his bullish gold price view on expectations that real interest rates will remain negative for the foreseeable future and that the Federal Reserve and/or European Central Bank could launch new rounds of quantitative easing.

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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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