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Commodities Briefing - Categorized | Bullion/Gold, Investment more

Commodity wrap: Gold again emerges as safest bet

Posted on 12 December 2011

Commodities failed to hold on to previous gains as EU leaders struggled to come to a consensus on a fiscal plan. Moreover, data showed that factory output in China grew at the slowest pace since August 2009 while the growth of Japan’s economy missed expectations.
This increased concerns that demand for commodities will fall further. Gold appears to be the safest investment. Besides, the ECB’s interest rate cut last week signaled that bond purchases are now less likely, thereby strengthening the case for gold………………………………………..Full Article: Source


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VRS - who has written 34721 posts on Opalesque Commodities Briefing.


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