Gold jumps as Egypt fears drive rush to safety
January 29, 2011 - 9:19AM
Enjoy the Drastic Changes in Gold Price. Low Spread for Gold Trading!
Gold surged 2 per cent, gaining as much as $US40 an ounce in a knee-jerk rally as fears that unrest in Egypt would spread across the Middle East prompted safe-haven buying.
"Confusion breeds contempt for all investments other than gold. Clearly, money is flowing to gold as the ultimate safe haven ... because nobody knows how this situation is going to resolve itself," said Dennis Gartman, publisher of the Gartman Letter, a daily investment commentary.
Investors often turn to gold as an insurance at the expense of paper currencies during political and economic uncertainty.
Advertisement: Story continues below
Gartman said he did not expect Egypt's unrest to be over anytime soon, and that gold could further benefit from chaos possibly spreading to other countries in the region.
Spot gold rose 2 per cent to $US1338.39 an ounce, the largest one-day gain in nearly two months.
US gold futures for February delivery settled up $US22.30 at $US1340.70 an ounce.
Spot silver rose 3.5 per cent to $US27.82 an ounce.
kredit to SMH.com
Ini adalah salah satu penyebab antara harga emas melompat semalam...Apabila berlaku pergolakkan politik atau ekonomi yang tidak menentu....Orang ramai akan akan membeli emas...
Bagi yang berminat nak mendapatkan 20gram (Ready Stock) di area Nilai,Salak Tinggi... boleh Call atau SMS 013-3420211...
No comments:
Post a Comment