I went to the gold shop last nite and its full of people. I coudnt even talk to the salesman.
Any expert on gold prices in the forum? What will be the trend in the coming days.
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@slstock wrote:Am not expert.
Gold is going through an unstable period due to Cyprus issue and a possible sell trigger from some other countries.
Possibly these people are buying because of the nearly 5% drop on friday. I read some opinions that gold had entered a bear period and can drop 10-12% more. Some others said it will bounce back. Best to watch a bit more which direction it will be going.
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