Gold's prospects for a sustained price rally are better than they have been for years as a weaker dollar, crashing oil prices and concerns about the global economy have revived its safe-haven status after years as the dog of global financial markets.
The last time gold prices rose more than 10% in a 10-day stretch, the bullion market was in the last gasp of a decade-long rally that soon peaked at more than US$1,920 per ounce in 2011.
Gold surged 5% on Thursday, its biggest daily gain in more than seven years on the possibility that the US central bank may cut interest rates instead of raising them.
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The last time gold prices rose more than 10% in a 10-day stretch, the bullion market was in the last gasp of a decade-long rally that soon peaked at more than US$1,920 per ounce in 2011.
Gold surged 5% on Thursday, its biggest daily gain in more than seven years on the possibility that the US central bank may cut interest rates instead of raising them.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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