Gold could reaffirm its status as a safe-haven assets this week if the risk of fading amid lingering fears the euro-zone debt issues, Mitsui Global Precious Metals said in a statement. Sentiment remained cautious because many commentators see the European bailout deal last week as "little more than short-term fix," says the home. "A lot of the big questions of implementation remain unanswered, and the positive sentiment ... maybe weakened when the realization is fully absorbed," he said.
This uncertainty can help to increase the price of gold in the coming days as investors once again looking for a safe store value, he added. "Gold is back to form (last week) after a period of indifferent performance will win back some support," says Mitsui, gold rose 6.3% last week. Gold lower in Asia as investor appetite company USD damps; spot gold was at $ 1,712.40 per troy ounce, down $ 31 from the previous close.
No comments:
Post a Comment