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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Is the sun setting on gold?

Posted on 25 February 2013

After climbing 500% in a decade, perhaps it is time for gold investors to accept that the yellow metal is a spent force. The secular bull cycle that thrust gold into the limelight as the world’s most rewarding investment is finally waning and the metal is finally taking a well-deserved breather, some analysts believe.
Gold is down 6.5% year to date and there is a good chance this could be the year it records its first annual decline in more than a decade.”Gold will have its day in the sun at other points down the road, but the clouds on the horizon could portend still lower gold prices over the next couple of years,” said Avery Shenfeld and Emanuella Enenajor, analysts at Canadian bank CIBC………………………………………..Full Article: Source

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VRS - who has written 37583 posts on Opalesque Commodities Briefing.


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