Barefoot Investor: PRECIOUS - Gold inches down

Oh no, Gold price has went down. What shall we do now? Is this sentimen still bullish or bearish??

Well, according to REUTERS news today 2010-11-25 03:05:10 GMT
*Gold falls, Vietnam grants more gold import quotes

* U.S. markets closed for Thanksgiving holiday (Updates prices, adds quotes)
Gold edged down in thin trade on Thursday after encouraging U.S. jobless claims data calmed some worries about economic growth, but concerns over tensions on the Korean peninsula could offer some support.

Bullion barely reacted to news that Vietnam's central bank has granted additional quotas for domestic companies to import gold between now and the year end, but dealers noted buying on dips from consumers in Asia. [ID:nHAN445223]

Spot gold eased $4.42 to $1,369.29 an ounce by 0240 GMT - well below a lifetime high around $1,424 struck in early November. It had hit an intraday low around $1,367 an ounce.

U.S. gold futures fell $4.5 to $1,368.5 an ounce. U.S. markets are shut on Thursday for the Thanksgiving holiday.


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