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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more

Fresh precious metals price forecasts

Posted on 17 December 2009

From Reuters: Gold hit a record $1,226.10 an ounce on Dec. 3, as prices were boosted by speculation that more central banks will diversify their foreign exchange reserves into bullion, and by weakness in the dollar.

They have since pulled back to just below $1,110 an ounce as the dollar strengthened in response to better than expected U.S. economic data, but analysts said the underlying bull trend was intact………………………………..Full Article: Source


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