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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

All that glistens is nowadays Gold

Posted on 29 November 2011

As the financial tidal wave threatens to swamp Europe, investors are becoming less risk averse looking for a safe haven in precious commodities.
­Gold has been growing steady for almost 5 years. Experts believe the continuing threat to global economies could benefit gold prices. Edel Tully from UBS says “Gold reflects emotions, the fear about the current economic climate and fear about what lies ahead,” Tully adds that “people should be more proactive and be prepared to take profits” as a volatile era for gold will continue with “the average price for the metal reaching 2075 dollars per ounce in the next year.”……………………………………….Full Article: Source


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


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