Gold seems to be currently trading more as a risky asset than a safe haven

The gold price declined on Friday alongside the broader financial markets as the U.S. dollar held firm in morning trading.  The spot price of gold fell to a fresh 4-month low of $1,571.20 per ounce in overnight trading, but pared its loss to trade down by $10.56, or 0.7%, at $1,583.74.

Commenting on the gold price, Anne-Laure Tremblay – a precious metals strategist at BNP Paribas – stated that “Gold seems to be currently trading more as a risky asset than a safe haven.  While the U.S. dollar has gained on the back of higher risk aversion, gold was sold off.”  She added that “The decline is likely a consequence of liquidation in the paper market rather than lack of interest on the physical side.”


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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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