Gold prices stagnated slightly below the opening level Friday, as traders switched on holiday mode with Christmas on doors, so trading volumes ebb down
Gold Forecast Dec. 27, 2011, Fundamental AnalysisGold prices stagnated slightly below the opening level Friday, as traders switched on holiday mode with Christmas on doors, so trading volumes ebb down and market movement is rather limited in a tighter range before the new years, yet with slight punch of risk.
Sentiments will start to shape as investors remain cautious ahead of the New Year’s holiday but traders will be mostly concerned about the latest development from the 17-bloc euro area.
Accordingly, we should expect more fluctuations for gold, but should current pessimism persist, we should expect gold prices to extend the rallies, however, the level of uncertainty is very high, so investors are ought to remain cautious.
