Saturday, October 04, 2014
Time to buy gold?
A report taken from WSJ : Gold prices fell to a four-year low after stronger-than-expected U.S. employment data intensified investors’ concerns about how soon the Federal Reserve would raise interest rates.
The price of the precious metal has been sliding for months, as investors keep a close eye on the Fed. Higher interest rates would likely damp demand for gold, which doesn’t pay any interest. While the central bank isn’t expected to make its move until next year, investors trying to get ahead of the Fed could push gold to end 2014 lower for a second year in a row.
The U.S. economy added 248,000 jobs in September, the Labor Department said Friday, beating economists’ forecasts of a 215,000 gain. It was the fastest pace of job growth since June.
Has gold lost its glitter?
I will never buy gold ... but one could trade gold in many ways. We do have FGLD (future market) which is not liquid. We could go long-short ... but the risk might be too high for many of us.
Will consider gold/silver as it is at low now ... but low will go lower, right?