Will gold rates increase by tomorrow ?

Question

anyone has any idea about it please let me know....

i have purchased at 902$ and currently its 879$.

Answer 1

Hang onto it, darlin, it will go back up.  If you want to be a bundle of nerves, you can check it online:

http://www.kitco.com

In the long run, I think it will increase substantially.

If you cannot wait and want to sell now to prevent losing more, see anybody who buys gold.  I think it's a great time to buy more.

Grandpa

Answer 2

Anyone who tells you they know the future price of gold with certainty is either a crook or an idiot.   One thing is certain however,  commodities have spiked and so has oil.  That says that the current downward trend in gold is likely to continue.   Gold may be great as a long term hedge against economic catastrophe,  but it is a very nasty short term investment.   Better put in a stop loss if you can't afford to watch it go to the $750 range .... or recognize your investment for what it is and hunker down for the long term.  Check again in 2 or 3 years for that option.

Good luck.  

Answer 3

No. It's going down.