Gold Price May Test Support Levels

- January 18th, 2010

  China’s tighter monetary policy was a sign. As the world moves to higher interest rates, and gold miners battle for a larger slice, a deeper correction in the gold price and gold mining stocks is only set to grow. You have been tipped off. Pay heed now. The figures speak for themselves. Gold is … Continued

 

China’s tighter monetary policy was a sign. As the world moves to higher interest rates, and gold miners battle for a larger slice, a deeper correction in the gold price and gold mining stocks is only set to grow. You have been tipped off. Pay heed now.

The figures speak for themselves. Gold is looking hesitant as it continues to correct its recent run to the upside.

Gold price suffered its worst day of 2010 as the price plunged $23.99 to $1,127.72 per ounce on January 12, on news of China’s central bank moving towards a tighter monetary policy.

For complete article, click onto Gold Investing News.

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