Posted by
alfredlester on Monday, February 14, 2011 1:36:54 AM
SYDNEY (MarketWatch) - Gold lower in electronic future trading Drifted on Monday, Extending Losses from late last week, When Egypt&&9;s president Relinquished His hold on power.
Benchmark Gold future Declined $ 2.10 to $ 1,358.30 ounce in electronic trading year in Asian hours on Monday.
The contract has lost similar Amount in New York trading on Friday, With news of Hosni Mubarak&&9;s Egypt&&9;s resignation as president Diminishing The Precious metal&&9;s safe-haven appeal for investors, at least for now.
Yemeni Protesters march to palace
Inspired by Egypt, about a thousand Yemeni Protesters Take to the streets of Sanaa calling for regime change. Video courtesy of Reuters.
"For now, We Think The Military take over HAVING Was The best solution in Ending the Deadlock Between the protestors and Mubarak cash advance flexible payments.As Such, we are Likely to See Some Relief Rallies As The result of this latest news, "Said Win Thin, strategist at Brown Brothers Harriman in a recent note.
Still, cautioned Thin That It Is not Likely to Be Smooth Sailing all the news for investors followings.
"There are Still More Questions Than Answers With Regards to Egypt&&9;s ultimate fate, and so investors must Be Prepared for Ongoing Volatility As The situation in Egypt Remains Far From Clear," he said.
Metals Stocks: Gold Futures drift lower, Extending Losses