Gold has seen its good and bad days both, on and off. Now the latest being that gold fell by 0.2 percent to $629 an ounce, after speculations were going around that the International Monetary Fund may be selling a portion of its 103 million ounces of bullion and invest in interest-bearing assets.
There are also other avenues of making gold more desirable or rather more productive, like may be cutting expenses and also by asking for contributions from member states. As for the gold price, it is expected to linger between $620-$630 an ounce. Investors in gold would be concentrating on holding their positions, as the US market is closed today and tomorrow for Thanksgiving Day Celebrations.
It feels like that gold at the moment is pretty risky to buy , but if you have bought or sold it then stay put till Monday and see how it does.
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