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Gold to break $1800 in coming days: Credit Suisse

Posted on 16 November 2011

Gold’s positive momentum continued last week with Gold recording a 1.8% gain. Gold has now risen three weeks in a row and looks set to record a second monthly gain after October’s monthly gain with Credit Suisse expecting a $1800/oz break in the coming days.

Gold remains up 25% year to date in US dollars and (22% in Euros and British pounds) and thus the recent correction and consolidation was a healthy development that took the short term froth out of the market and has now left the gold market with stronger foundations……………………………………..Full Article: Source


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VRS - who has written 37739 posts on Opalesque Commodities Briefing.


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