gold prices predictions january 17 2012

gold prices predictions january 17 2012 ; Gold prices inclined as the USD lost strength after markets turned flat on Monday, as Euro managed to cover the gap that has emerged over the weekend after France lost its top credit rating AAA, while eight other European nations saw their credit ratings being cut by S&P on Friday, knowing that the American market is closed on Monday, as this day is Martin Luther King Day in the United States.

On the other hand, the sentiment improved further in the market after the French bond auction, which came better than expectations, as the country was able to access the capital market easily on lower yields and strong demand despite the fact that Standard and poor’s rating agency downgraded the French top credit rating of AAA by one notch to AA+.

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. original post www.fxempire.com For the latest updates on the stock market, visit Stock Market Today

gold Fundamental Analysis jan 17 2012, spot gold forecast jan 17 2012, gold price jan 17 2012, will gold price go jan 17 2012 For the latest updates PRESS CTR + D or visit Stock Market news Today

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