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Gold set to shine as ECB chief paints grim economic picture

Posted on 11 January 2013

Gold is likely to rule higher on Friday in the domestic market following European Central Bank Chief’s statement that weakness in the euro zone will continue. Though the euro gained against the dollar, the greenback was up at 2-and-a-half-year high against the Japanese yen, triggering prospects of further rise in the yellow metal.
Japanese Prime Minister Shinzo Abe’s new economic package was also drawing Japanese funds to the precious metals………………………………………..Full Article: Source

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VRS - who has written 36151 posts on Opalesque Commodities Briefing.


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