The gold bubble could burst any time soon. There are clear indications that the yellow metal has already started on its downward trek and could reverse its mighty rise. Until the dollar puts in a convincing rebound, the onus is to the upside in gold. It is sure to burst. Any time soon. The …
The gold bubble could burst any time soon. There are clear indications that the yellow metal has already started on its downward trek and could reverse its mighty rise. Until the dollar puts in a convincing rebound, the onus is to the upside in gold.
It is sure to burst. Any time soon. The gold bubble that has got investors pouring in over $12 billion this year into the SPDR Gold Trust (GLD), the big exchange-traded fund, has not just made it top-heavy. Several market watchers say the fundamentals indicate that gold is poised to fall.
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MARKETS
COMMODITIES
| Commodities | |||
|---|---|---|---|
| Gold | 1876.85 | +8.68 | |
| Silver | 22.31 | +0.03 | |
| Copper | 4.03 | 0.00 | |
| Palladium | 1713.17 | 0.00 | |
| Platinum | 1087.26 | 0.00 | |
| Oil | 75.86 | +1.75 | |
| Heating Oil | 2.86 | +0.09 | |
| Natural Gas | 2.53 | +0.07 | |
