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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Gold is winner

Posted on 28 November 2011

Gold traders are more bullish after investors accumulated the biggest-ever hoard of the precious metal, as a hedge to Europe’s deepening debt crisis. The turmoil in Europe drove investors to protect their wealth with this year’s second-best performing commodity, which is up 19 percent, right behind the 24 percent gain in oil.

Hedge funds increased their long positions in gold, on bets that prices in the short term will go higher, Commodity Futures Trading Commission data shows……………………………………….Full Article: Source


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VRS - who has written 37188 posts on Opalesque Commodities Briefing.


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