JAKARTA . Gold is still a favorite commodity for investors to
secure their assets in times of crisis. How does the movement of gold tomorrow
?
Erwin Poernomo , Valbury Asia Futures Analysts predict gold price rise signals on a daily basis . "Gold is seen above the oversold area , there is the potential increase . Although be wary if they fail to stop at U.S. $ 1,600 per troy ounce , " he described , Sunday ( 27/5 ) .
Late last week , gold ended higher on a daily basis , though still weak in one week . Spot gold price and U.S. futures rose 1 % after investors cut positions ahead of the gold bearish long holiday weekend to coincide with the U.S. market holiday in the framework of Memorial Day, next Monday .
Gold got depressed when requests for assistance come from Catalonia , Spain . But the gold again with improved market rebound .
Quiet enough buying interest from India is estimated to be difficult to make the gold price rose further . According to Erwin , this week the gold price will still be driven by developments in the Blue Continent , in particular highlighting the problems of Greece.
Comex gold prices for June delivery rose 0.7 % to U.S. $ 1,568.90 per ounce . While the gold in the spot market only rose 1 % to U.S. $ 1,572 per ounce or minus 1.3 % for the week . ( Kontan.co.id)
Erwin Poernomo , Valbury Asia Futures Analysts predict gold price rise signals on a daily basis . "Gold is seen above the oversold area , there is the potential increase . Although be wary if they fail to stop at U.S. $ 1,600 per troy ounce , " he described , Sunday ( 27/5 ) .
Late last week , gold ended higher on a daily basis , though still weak in one week . Spot gold price and U.S. futures rose 1 % after investors cut positions ahead of the gold bearish long holiday weekend to coincide with the U.S. market holiday in the framework of Memorial Day, next Monday .
Gold got depressed when requests for assistance come from Catalonia , Spain . But the gold again with improved market rebound .
Quiet enough buying interest from India is estimated to be difficult to make the gold price rose further . According to Erwin , this week the gold price will still be driven by developments in the Blue Continent , in particular highlighting the problems of Greece.
Comex gold prices for June delivery rose 0.7 % to U.S. $ 1,568.90 per ounce . While the gold in the spot market only rose 1 % to U.S. $ 1,572 per ounce or minus 1.3 % for the week . ( Kontan.co.id)
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