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

Why gold will continue its rally: 5 reasons

Posted on 13 November 2012

Investment in gold is attributed to investors seeking protection of wealth in case the economy is not looking up, if not faltering. Given the ‘fiscal cliff’ in the United States and poor industrial production data back home, gold is is expected to rally, at least in the near term. Also tending to bear a good price per gram in futures trade, gold is about to become an excellent choice for investing.
On Monday, the rupee fell to a two-month low. More than often it is seen that commodities and the currency follow an inverse relationship. If the currency rises, commodities fall. Given the recent falling trend in the value of rupee against the US dollar, it is likely that gold will see buying………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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