Gold down as investors grow confident

11/05/2009 - Dubai Property News
Gold down as investors grow confident

The price of gold has tumbled during trading today (May 11th) as investors in Asia and the Middle East grow confident about the strength of securities.

Emirates Business reports that investors in Japan were the first of the day to take stock of figures from the US which showed that the number of job losses has fallen to its lowest level since September.

As such, traders began to move away from safe-haven investments such as gold and began looking for stocks offering considerably stronger returns.

"Gold's in something of a standstill at the moment ... with investor popularity scattered among various investment instruments," said Koji Suzuki, a senior analyst at SBI Futures.

For those looking to balance their investment portfolio, acquiring property for sale in Dubai may be an effective way to diversify risk.

The UAE Ministry of Economy's director-general Mohammed Abdulaziz Al Shihhi, has today claimed that the country's non-oil sector put in a particularly strong performance last year.ADNFCR-2019-ID-19163233-ADNFCR

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