The outlook for gold should become more apparent a week from now after weekend elections in Greece and a meeting of the Federal Open Market Committee, said a London-based broker and market maker, Triland Metals in a commodities research note.
Much of the action Friday was oscillations based on stop-loss orders. “Stops to the upside and downside have been triggered within very short time frames (amid) market nervousness ahead of the Greek election result and the pending FOMC decision next week intensifies,” Triland added.
“Volume has been low and moves seem completely random as the market moves from highs to lows to highs. This time next week the picture for gold's short-term future should be clearer,” Triland concluded.
Gold price is still not stabilized in India like everywhere else. After going down, the g
Gold price opens lower in Hong Kong
The gold price in Hong Kong went down 180 HK dollars to open at 12,720 HK dollars per tael on Thursday, according to the Chinese Gold and Silver Exchange Society.
The price is equivalent
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M
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