US Gold Price drop almost USD 14.00 after the Dubai news roll out while Americans enjoyed their turkey dinners. However Asia Gold price is less effected by this news, like Malaysia gold price still at RM129 per gram. This morning the price go up to hits RM130 per gram and become history high.
I think the gold price is still in bull run till end of December so same with share market because December always is the month where all is end well. Any bad news will bring to next year but Dubai debt news is a warning to all investor. Someone may roll out a negative news to drop the market in anytime to bring them profit so be-careful next year, a Tsunami may in the making.
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