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Hermes fund sees biggest rebound in gold, grains: Commodities

Posted on 06 October 2011

Corn, wheat and gold will beat other raw materials this quarter as crop yields drop and Europe’s debt crisis stokes demand for bullion, said David Hemming, who helps oversee a fund that returned 20 times the average this year.
Corn may rally 19 percent to $7.25 a bushel, wheat may climb 19 percent to $7.50 a bushel and gold may gain 13 percent to $1,850 an ounce by December, said the London-based fund manager for Hermes Investment Management Ltd……………………………………….Full Article: Source


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