Gold Forecast Dec. 12, 2011, Fundamental Analysis
Fundamental Reports
Gold Forecast Dec. 12, 2011, Fundamental Analysis
Traders will continue to monitor the latest developments from Europe, looking up to the credible efforts of European nations, where we expect volatility to persist through the sessions this week, especially with eyes wide-opened on the European bond auctions, hoping bond yields will fall this time after European leaders agreed to drop the private sector’s involvement in the cost of bailouts needed to safeguard Europe’s indebted nations from falling down.
Accordingly, we should expect more fluctuations in prices, but should the current optimism persist, we should expect gold prices to extend the rallies, however, the level of uncertainty is very high, and investors are ought to remain cautious.
Mrs. Irit Rutenberg is FXEmpire.com Content and Analysis Team Manager, with a few years of experience in the field. The FXEmpire.com news desk members are all of an academic background in the finance field with practical and theoretical experience in trading.
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