Easter resurrection - Spot Gold continues to break 25 years record high
Gold enjoyed a good easter with wake up with a US$15 increase in a single day. Now $615. Thanks to Jesus =P
Gold closed at around $599 last Friday, and this Monday it started clear above $600 and keep climbing up. US Dollar turns weak significantly today, supporting GBP, EUR to rise more than 1%. Gold is even stronger and has raised more than 2%.
US Bond is still topped above 5%, but it has been revealed that interest hike is very likely to end in a short while. Along with the commodity uptrend in recent years including sugar, platinum, bronze and gold, it is a safe bet to conclude that Gold price will keep on rising in the coming future.
Someone said a bubble in commodity futures has formed, I tend to agree, as the level of rise has outreached the supporting factors(strong demand, war crisis). But when will it burst ? No one knows.
Gold closed at around $599 last Friday, and this Monday it started clear above $600 and keep climbing up. US Dollar turns weak significantly today, supporting GBP, EUR to rise more than 1%. Gold is even stronger and has raised more than 2%.
US Bond is still topped above 5%, but it has been revealed that interest hike is very likely to end in a short while. Along with the commodity uptrend in recent years including sugar, platinum, bronze and gold, it is a safe bet to conclude that Gold price will keep on rising in the coming future.
Someone said a bubble in commodity futures has formed, I tend to agree, as the level of rise has outreached the supporting factors(strong demand, war crisis). But when will it burst ? No one knows.
posted by SSY | 11:40 AM
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