Go Finance Reporting in Singapore - The price of gold appears to be moving steady decline in post-Hosni Mubarak from his post as president of Egypt. Investors appear to still pay attention to how the continuation of a demonstration in Yemen today.
As quoted by Reuters on Monday (2/14/2011), the price of gold in the spot market moves only thin to USD1.355, 15 per ounce. While in the futures market, gold prices down 0.3 percent to USD1.355, 8.
After the mass protests that succeeded in overthrowing the Egyptian President Hosni Mubarak, hundreds of anti-government protesters clashed with police in Yemen which prevents them from demonstrating in the presidential palace on Sunday.
Egyptian military that controls government and dissolve parliament to keep the constitution on Sunday. But they said it would rule only until the election to replace President Hosni Mubarak, who may only six months.
Political turmoil in the Middle East can provide the leverage to gold prices, but traders said prices may be rangebound as the market has no clear direction.
While the euro weakened against the dollar appears on Monday morning, while the dollar index was the highest level up to three weeks. (GoFinance)
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