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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold outlook positive for remainder of 2011

Posted on 14 November 2011

Gold’s edging higher over the last few weeks can be attributed to a host of factors but certainly the rising cost of funding. Italy’s debt towards the pivotal 7% has had the market in thrall. The 7% has been seen as the level beyond which Italy would be forced to seek support from the ECB and IMF and, to put it frankly it remains, a moot point whether there is sufficient funding to do much for them.
In short, Gold prices have benefited from what has appeared to be a slow speed train crash in the Eurozone………………………………………..Full Article: Source


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VRS - who has written 39533 posts on Opalesque Commodities Briefing.


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