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

Dollar boost likely for bullion but Goldman Sachs outlook could cap gains

Posted on 06 December 2012

Gold may gain in the domestic bullion market on Thursday as the dollar gained against the basket of currencies. But a report by Goldman Sachs pointing to downturn in the yellow metal is likely to cap most of the gains.
Overnight, Goldman Sachs said that bullion prices could head lower next year as real interest rate could rise on the heels of improved growth. The real interest rate could increase in view of improved growth, it said, projecting a bearish outlook for three, six and 12 months outlook………………………………………..Full Article: Source

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