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Commodities Briefing - Categorized | Bullion/Gold, Commentaries more

Will Cyprus affect your precious-metals portfolio?

Posted on 27 March 2013

While the deal reached over the weekend to restructure the critical debt situation in Cyprus has been met with wildly disparate opinions from across the eurozone, it’s creating new standards that will affect both EU countries and the global economy.
As is so often the case when considering the global macroeconomic results of a situation like this one, the results are working to create competing forces within certain markets. Precious metals, including gold and silver, tend to be bolstered by weak economic conditions. Conversely, however, the turmoil in Europe is positive for the U.S. dollar — this is ultimately bearish for metals………………………………………..Full Article: Source


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VRS - who has written 37629 posts on Opalesque Commodities Briefing.


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