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Gold price to fall in 2011: Natixis

Posted on 12 October 2010

From Commodityonline.com: If you thought gold prices will continue its bull run for years to come, you may take note of an investment bank’s advice. Natixis, French investment bank, said gold prices will likely decline slowly in 2011 as the global economy continues to recover and investors turn to other asset classes for better returns.
Record high gold prices have spurred new gold mine production and scrap gold sales, and have reduced consumer appetite for gold jewelry, leaving gold reliant upon investors to sustain the rally……………………………………….Full Article: Source

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VRS - who has written 36171 posts on Opalesque Commodities Briefing.


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