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

Gold may try testing $1800 levels this week

Posted on 28 November 2012

As the Greek debt deal is clinched by the troika of European Central Bank, IMF and Finance Ministers of Europe, Euro strengthened against Dollar which helped gold prices to climb. Meanwhile a Chinese analyst is of the opinion that gold may test $1,800 levels this week.
“As investors once again gain confidence in Europe after leaders give Greece another chance, that will help the euro and in turn gold,” said Wang Xiaoxi, an analyst at Beijing Capital Futures Co., a unit of the Chinese capital’s investment arm to Bloomberg………………………………………..Full Article: Source

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VRS - who has written 40228 posts on Opalesque Commodities Briefing.


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