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PETALING JAYA: Will we see oil price exceed US$100 in 2011? Quite likely, say analysts, as more quantitative easing by the US Government, coupled with strong demand from India and China drive oil prices to the three-digit level again.
GOLD traded relatively quiet last week. It reached a weekly high at 1392 regions before sliding to 1372 regions.
GOLD fell off the high 1408 last week to 1360 as the dollar extended a rally, eroding demand for the precious metal as an alternative asset.
GOLD slid from its new high at 1430 regions early last week to 1371 regions as the Obama administration proposed a new tax cut and unemployment benefit plan.
GOLD broke above 1400 level last Friday, after US job data showed a climb in unemployment rate to 9.8%.
GOLD traded in a flat range of between 1348 and 1382 regions despite the two Koreas exchanging fire and Ireland's resurgence into the debt crisis.
GOLD went down to a 1329-low and rebounded to consolidate as the greenback rallied back to strength.
GOLD started the week at 1394 and climbed to a record breaking high of 1424. This is the second week of new highs after gold broke through the October high of 1386.
GOLD started last week at 1362 and traded relatively quiet between 1349 and 1365 regions.
GOLD started last week at 1366 and appreciated initially to 1374 regions.