Gold...... Big Brother has to do something

Hi

Gold .... Precious Metal.... at life time High.... Struggling to Cross $ 1300 / Oz
$1300 is a psychological barrier if it breaks with good volume I think rally will continue. Gold is a product being used as hedge against weakness in Dollar V/S Euro. Meekness in US economy/Dollar making gold a costly affair.

As far as we think of gold there is no Demand and Supply rule for gold in US. Yes its in India where we think it as a safe asset. But be careful if Dollar recovers against Euro then God only can save gold.

I think the Higher price of Gold may reduce the demand in India. But don't expect much Down in the price. Unless US does something to its economy(not possible to do anything) There will not be much change in Gold price movement.

Regards
Sansharam