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2009-12-01

US Gold Price Rebound To Cover Back Dubai News Effect

















US gold price rebound strongly at Asia trading time after drop USD 14 from all time high during Dubai news hits market last week. After Asia market close GLD-C1 underlying share SPDR Gold Shares (GLD) will move higher due to US gold price already bound up during Asia trading time.

Yesterday SPDR Gold Shares (GLD) close USD115.64 up 0.58 and today GLD-C1 open high at RM0.235 compare Monday close low at RM0.220 due to panic selling. I just brought more during panic selling and hopefully today SPDR Gold Shares (GLD) will close higher like before the Dubai news.

1 comments:

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