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Gold may wait till Q2 2013 to break $1900/Oz: BNP Paribas

Posted on 09 October 2012

BNP Paribas things gold prices may wait till second quarter of 2013 to break $1900 an ounce level. It looks for gold to average $1,795 per ounce in the fourth quarter of this year and $1,865 in the first quarter of 2013 and $1,900 in the second, says BNP Paribas in an updated forecast.
The French bank looks for gold to continue working its way high over the next year, with monetary policy likely to be the key influence. Prices rose sharply since mid-August on expectations for more Federal Open Market Committee easing followed by actual accommodation………………………………………..Full Article: Source


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VRS - who has written 36685 posts on Opalesque Commodities Briefing.


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