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

Gold surges past $1,360… how high can it go?

Posted on 08 October 2010

From Emirates247.com: Spot gold prices hit a fresh record of $1,362.58/oz this morning, the ninth record in ten sessions for the yellow metal. The shiny metal continued breaching new high records for the third consecutive session taking advantage of concerns surrounding global recovery, which raise speculations that central banks around the world will add to stimulus to bolster growth.
Demand from Asia, especially India amidst festival season that started in September and will end in November, is expected to keep prices buoyed up……………………………………….Full Article: Source


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VRS - who has written 38538 posts on Opalesque Commodities Briefing.


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