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'Gold disappoints its investors as it fails to move higher' gold dips

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Gold disappoints its investors as it fails to move higher

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03/07/09 08:01

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Gold disappoints its investors as it fails to move higher

Head of trading at MKS Finance, Afshin Nabavi, says gold should have moved higher yesterday after the heavy stock market losses, but the fact that it didn't left a bad taste in the mouths of investors.~~

Traders are also concerned about ETF inflow tail offs, which pushed gold prices higher at the beginning of this year.

All of this fuels fears that gold's rally may be at its end.

Link: Gold dips as equities slide, ETF interest wanes | Reuters

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