Friday, January 6, 2012

Gold price Forecast Jan 9 2012

Gold price Forecast Jan 9 2012 ; Gold prices declined as the USD gained strength after the jobs report, where the Nonfarm payrolls increased by 200,000 jobs, well above median estimates of 155,000 jobs, furthermore, unemployment rates plummeted cheerfully to 8.5 percent from 8.7 percent in December.

Moreover, the euro declined fuelled with concerns that the euro zone might not be able to find a comprehensive solution to the debt crisis, which will make it more difficult for European banks to raise capital, thereby might become more exposed.

Now, eyes will be spotted on this year, and the performance of the European economy, especially after the ECB lent the European banks huge amount of money, and if that money will help the euro zone to continue recovery process amid big challenges.

Accordingly, we should expect more fluctuations for gold, but should the current pessimism persist, we should expect gold prices to extend the rallies, however, the level of uncertainty is very high, and investors are ought to remain cautious. For the latest updates on the stock market, visit Stock Market Today
For the latest updates PRESS CTR + D or visit Stock Market news Today

Related Post:

No comments:

Post a Comment