Wednesday, December 12, 2012

TRADE NEXT : GOLD Sees Modest Gains amid US Economic Uncertainties

Gold – Gold Sees Modest Gains amid US Economic Uncertainties
The price of gold was able to advance close to $10 an ounce during European trading yesterday, as concerns regarding the impending US “fiscal cliff” boosted gold’s safe-haven status among investors. After trading as high as $1717.29 during mid-day trading, the precious metal dropped back to the $1713 level by the end of the European session.
Today, gold traders will want to pay attention to the ongoing budget negotiations between US Congressional leaders and President Obama. Any sign that a deal is closer to being reached may result in dollar gains, which could result in the price of gold falling as a result.

Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities. Visit Us


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