GOLD traded relatively quiet last week. It reached a weekly high at 1392 regions before sliding to 1372 regions.
This is attributed mainly to profit-taking actions by traders and investors. China raised interest rate yet again, this time by 25 basis points on Christmas Day, in the latest monetary policy move to control inflation and tighten credit. With European debt crisis far from over, traders and investors are going to opt for safe investments such as in gold and the US dollar.
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