Wednesday, 24 August 2011

Gold tumble down yesterday was the worst

Gold price tumble down yesterday was the worst. Possible reason by some experts was due to natural correction. But from the volume of the gold futures, and the new margin requirement, most of the players that enter into gold trade these few days may have met with margin calls, resulting in the offloading of gold contract.

Of course from the movement of gold price recently, it should be bound for a correction soon if the overall financial uncertainty ease down.

Renomic

No comments:

Post a Comment