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

Gold prices: Will they continue to rise, or has the glitter worn off?

Posted on 24 October 2011

Gold prices have always depended on economic factors in the US and abroad: When the housing meltdown occurred in 2008, for instance, the commodity’s price began its ascent to all-time highs. Despite the asset’s decline to $1,641.80 per ounce thanks to the financial woes in Europe, the best question to ask when investing in gold is this: What will happen to the US economy in the next 5 years?

With the US showing little to no sign of recovery, gold prices are likely to stay high………………………………………Full Article: Source


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This post was written by:

VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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