Fri, May 29, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Trading more

Frustration as Gold fails to climb $1800, solace in Central Bank buying: Sharps Pixley

Posted on 29 October 2012

Gold traders look frustrated at gold failed to climb through the $1800 mark but the market awaits the much bigger event-US Presidential election on November 6 for further developments, Austin Kiddle, Sharps Pixley said in a note.
Even as gold market sentiments remained subdued, news of more Central Bank gave cause for cheer. Brazil added 1.7 tons in September while Turkey added 6.8 tons. Brazil last added gold in December 2008. The buying is expected to continue given the lower prices and currency risks in the developed world………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 40705 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
May 2015
S M T W T F S
« Apr    
 12
3456789
10111213141516
17181920212223
24252627282930
31