February 24. It is noted that Gold”s Investment demand has fallen as Investors are waiting for an appropriate level to enter into the Market. Gold was down in London at $ 990 an Ounce.
Monthly Archive for February, 2009
February 24. According to Analysts and forecast available till now one can expect Japanese Yen to slide from current level which is $95.90 and headfing towards $ 97.50 very soon. The trdae defficit is expected to widened to the largest in 23 years.
February 20. New Traders and speculators are being adsvised to sell gold above $ 1000 an ounce and hold their positions as per their margins and equity.
February 19. Investors locked in their profit by selling Gold. Gold slid in London to $ 968 but decline to fell further. Earlier Gold rose to $ 988 an ounce.
Gold is still bullish even though it may come down in Newyork. It is expected to remain above $ 970 an ounce.