Wed, Mar 4, 2015
A A A
Welcome preal121
RSS

Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

November tends to be seasonally bullish for Gold: UBS

Posted on 02 November 2012

October tends to be a seasonally negative month for gold but November a seasonally bullish one, said Zurich based Investment Bank UBS in a snippet. December gold last traded up $8.00 at $1,720.00 an ounce on the Comex division of the New York Mercantile Exchange. Spot gold was last quoted up $10.90 at $1,720.50.
“Monthly returns since the mid-1970s show an average gain of about 1.4% in November, the second strongest month in terms of seasonality,” the bank added………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39496 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031