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Is it right time to invest in gold?

Posted By On 8:46 PM Under

1. Gold has risen exhorbitantly and has even gone past $1000 per ounce and in past week it has hovered between $882-$963 per ounce. However the crucial question which arises is that is it the correct time to enter or exit from the gold investments. One has to see this investment in gold in light of following actions which have an impact on the price of gold.
(a) G20 has taken the pledge to clear the financial mess.
(b) Fed reserve chairman has given statement that the recession in US has been avoided. He is further optimistic that recovery in US will be seen by year 2010 provided the political will continues.
(c) Better than expected US housing market numbers.
(d) Massive $1.15 Trillion dollar easing program.

2. Keeping in view of above actions dollar has depreciated and thus it has led to an appreciation of price of gold as both are corelated inversely and thus the same is reflected in future prices of the gold. However the profit booking is not ruled out in gold at these higher levels. Thus as an advisory note one can lighten investments in gold as equity markets have started looking up which will in turn effect the price of gold.

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