GOLD bull run slowed down on
Cyprus issue:
The GOLD prices slipped down below $1600 after a bailout deal was announced relating to the near financial meltdown in cyprus.
GOLD's move below $1600 after it touched an high of $1616 may probable hint out that it's bull run for the time being has been over.
Earlier the financial turmoil news has provided some support to the GOLD prices and it caused it to move above $1600 to touch high of $1616 but soon after the spread of the news relating to the bailout of cyprus banks and the stillness in the Eurozone has calm down the Gold bulls.
The GOLD was trading at $1597 on the closing of markets on thursday, the 28th of march 2013.
Cyprus issue:
The GOLD prices slipped down below $1600 after a bailout deal was announced relating to the near financial meltdown in cyprus.
GOLD's move below $1600 after it touched an high of $1616 may probable hint out that it's bull run for the time being has been over.
Earlier the financial turmoil news has provided some support to the GOLD prices and it caused it to move above $1600 to touch high of $1616 but soon after the spread of the news relating to the bailout of cyprus banks and the stillness in the Eurozone has calm down the Gold bulls.
The GOLD was trading at $1597 on the closing of markets on thursday, the 28th of march 2013.
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