This is another gold update. Actually, I have no intentions of posting about this before this day. But, when I had nothing else to do other than sitting in front of my computer, I search my own blog to know what I have posted before. And I found the February post about the approval of the venture of gold exchange-traded funds (ETFs) into the Thailand stock market. From that, I thought it would be nice to post another update.
So, here it goes. I think this is good news for those who want to buy gold bars. Accordingly the yellow precious metal has become even more attractive investment alternative these days due to the weakness of the dollar. The dollar and gold have always moved inversely to each other so it is no surprise that gold is doing so well in this economy. That is the reason analysts and investors are not looking for gold to fall substantially any time soon. We may just see gold reach a new high for 2010 in the coming days.
