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MAKE MONEY BLOG$, SINGAPORE. Gold was steady at around its highest price in six months. Investors are still waiting for news of Germany's decision on the European emergency fund and the Fed meeting. The weakening dollar since yesterday also supported the yellow prowess.
Markets expect a lot that the Fed will launch the next round of Quantitative Easing policy 3 at tomorrow's meeting. What effect on the price of gold?
ANZ Senior Commodity Strategist Nick Trevethan said, if there is a clear signal about the continuation of the policy of asset purchases, gold will rally beyond the point of resistance at U.S. $ 1,765-US $ 1,768.
Conversely, if not, gold can be beaten into U.S. $ 1,700.
Reuters poll states there are 60% chances that the Fed will run QE3 at the FOMC meeting which decided tomorrow.
On this day, the price of gold in the spot market rose 0.2% to U.S. $ 1,735.71 per ounce troi. Last Friday, the price of gold hit U.S. $ 1,741.30, the highest level since February 29, 2012.
source: kontan.co.id
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Markets expect a lot that the Fed will launch the next round of Quantitative Easing policy 3 at tomorrow's meeting. What effect on the price of gold?
ANZ Senior Commodity Strategist Nick Trevethan said, if there is a clear signal about the continuation of the policy of asset purchases, gold will rally beyond the point of resistance at U.S. $ 1,765-US $ 1,768.
Conversely, if not, gold can be beaten into U.S. $ 1,700.
Reuters poll states there are 60% chances that the Fed will run QE3 at the FOMC meeting which decided tomorrow.
On this day, the price of gold in the spot market rose 0.2% to U.S. $ 1,735.71 per ounce troi. Last Friday, the price of gold hit U.S. $ 1,741.30, the highest level since February 29, 2012.
source: kontan.co.id
please give me comments thanks
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