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Emirates NBD’s Gerhard Schubert maintains US$1,900-US$2,000 target for gold in 2011

Posted on 11 October 2011

The Precious Metals continue to trade in much enlarged trading ranges, but they have held important levels and have consolidated reasonably well. The industrial Precious Metals were the biggest losers in the early part of the week as more uncertainties over the state of the Chinese economy came to the surface.
China itself was closed last week because of “Golden Week” and the markets will find out next week about the level of physical support for Precious Metals……………………………………….Full Article: Source


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