Remember the LORD for it is he who gives you the ability to produce wealth and so confirms his covenant... Deut. 8:18

Tuesday, December 27, 2011

Ringgit down. Gold down

AUD is gaining against the Ringgit, trading at 3.223

USD buys 3.172 Ringgit. USD may rise further as renewed demand for risk aversion and safe haven continues in the midst of Eurozone debt crisis fear (Italian bond auction).

Gold continues to slide, from USD 1620 to 1587 with a weeekly loss of 2 % .

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