Gold will remain a risk-on asset for the foreseeable future

The gold price turned modestly lower on Monday amid strength in the U.S. dollar, as the yellow metal gave back a portion of last Friday’s $42 advance.  The price of gold held in a tight range between $1,590 and $1,600 per ounce in overnight trading, and was down by $6.84, or 0.4%, at $1,592.25 this morning
Nikos Kavalis, an analyst at Royal Bank of Scotland, wrote in a recent note to clients that “We are staunch believers that gold will remain a risk-on asset for the foreseeable future.  So if we continue to see a more definitive policy response by authorities, gold will continue to benefit.”
“Having said that … the investment bid will be essential for the price to move up,” Kavalis added. “That will be without a doubt linked to continued news flow. This morning we have had a setback across the sector, and gold has not been left out.”


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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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