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Gold prices have broken above the $1750 level and COMEX gold is currently trading around $1790/oz. Traditionally, the November-December season has been bullish for gold.
The main reasons for higher gold prices during the end- year are the wedding season in India, jewellery buying on account of Christmas in the US and the increased Chinese buying ahead of their new year………………………………………..Full Article: Source
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Commodities Briefing - Categorized | Bullion/Gold, Price Watch more
Buy gold in November or watch prices go higher
| Posted on 09 November 2011 |
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Article link
- The Year the World Felt the Might of China’s Commodity Traders
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- Saudi Arabia's oil problems run far deeper than OPEC
- Here’s Why Gold Could Fall All The Way To $700
- Can OPEC still swing global oil prices? We’re about to find out
- Rabobank Report Projects Better Commodity Prices Ahead?
- Here's Why the Drop in Oil Prices Isn't Over
- Goldman Sees OPEC Meeting Down to the Wire With 30% Odds of Deal
- The Year the World Felt the Might of China’s Commodity Traders
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