Gold is likely to be bearish next year

Note: This section contains information in English only.
Source: Commodityonline

The three year trend for gold indicates upward movement; however, the recent price decrease of the yellow metal below its 200-day average for the first time since 2008 signals on probable ongoing fall of the commodity price. The market sentiment for gold may become bearish next year. Currently, the gold futures trading at USD1610.85 an ounce.

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Wed, 21 Dec 2011 17:08:02 GMT

Bank of Japan kept the interest rate steady

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Wed, 21 Dec 2011 17:07:38 GMT

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