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

Gold finishes 2012 up 6 pct

Posted on 02 January 2013

Gold jumped on the last trading day of 2012 to finish up 6 per cent on the year on news of a possible U.S. fiscal deal, which lifted a market that had rallied earlier in the year on low interest rates, euro zone worries and central bank demand for bullion.
Other precious metals finished strongly, with palladium up nearly 10 per cent on the year, silver up 9 per cent and platinum up 8 per cent. Analysts expect bullion, which started 2012 at below $1,580 (U.S.) and scaled nearly $1,800 by October after the U.S. Federal Reserve rolled out a fresh economic stimulus, to chart newer peaks in 2013. The market’s all-time high above $1,930 was set in September, 2011………………………………………..Full Article: Source


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