Gold has touched $1575,it's life time high , again today.Gold has managed to do this third time during the year 2011. Will it close above $1575 and rush towards $1600?
It might. Renewed Euro zone concerns may prompt safe haven buying/investment.Talk of Q3 is in the Air.If that happens , lot of liquidity to chase commodities, including the precious metal.Also, Q3 means less dollar strength and more inflation.valid reasons for money to get into gold.
No comments:
Post a Comment