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

Gold prices: Investment demand stabilises

Posted on 15 October 2010

From Economy-news.co.uk: Gold prices continues to march upward and it looks like it wants to have another crack at the recent high, the spot price of gold is currently at $1356 an ounce. Simon Denham at Capital Spreads says: “There are still so many bulls of the precious metal and each move to the downside is very short lived.
“The momentum behind it is being driven purely by the QE argument. As long as central governments continue to pump more and more money into the system gold will remain well supported.”………………………………………Full Article: Source


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