Interest Rate

SUNNY · Posted: Sat Apr 05, 2008 11:48 am Post subject:

it's just a temp reflection.
don't worry.
stay tune.
_________________
God answer prayers in 3 ways:
He said yes and gives you what you want.
He said no and gives you something better.
He said wait and gives you the very best in His own time
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Petch · Posted: Thu Apr 17, 2008 7:24 am Post subject:

Gold bullion are now at $942 today. It has increase from $890 couple weeks ago.

Petch · Posted: Thu May 01, 2008 7:55 am Post subject:

As of today May 1, 2008 the gold bullion has drop to $850

http://www.marketwatch.com/news/story/gold-futures-knocked-lower-rising/story.aspx?guid=6440A23E-6E22-467F-925B-92E23FE1F769&dist=SecMostRead
NEW YORK (MarketWatch) -- Gold futures fell more than 1% Thursday, as a rise in the U.S. dollar dampened investment demand for the precious metal.
Gold for June delivery dropped $13.30 to $851.90 an ounce on the New York Mercantile Exchange.
"The return of dollar strength this morning has led to a swift reversal in direction with gold dropping back to $864, and given the pace of decline, suggests gold will remain at risk to further corrections in the coming sessions," said James Moore, an analyst at TheBullionDesk.com, in a research note.
Gold had finished Wednesday's regular trading session sharply lower, ending down $11.70 at $865.10. However, in electronic trading, gold rallied, boosted by the Federal Reserve's decision to cut the fed funds rate by 25 basis points to 2.0%.
"Despite the lack of a clear pause signal in yesterday's Fed announcement, the markets are treating May/June as the pivot point beyond which they can no longer reliably depend on ever cheaper dollars to fuel speculative binges in commodities," said Jon Nadler, senior analyst at Kitco Bullion Dealers.