GOLD prices dropped from a high of 1920.74 regions last week to as low as 1791.12 regions as the appetite for risk grew. However, the global equity markets eroded the flight into gold as safe-haven.
Crumbling US consumer confidence signalled pessimism in the world’s largest economy. The market swung remained in sideways on Friday after the resignation of Jürgen Stark (a high ranking European Central Bank policymaker) and Obama’s proposal of stimulus plan that might not be passed in Congress.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
