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

Is another drop in gold prices likely?

Posted on 11 June 2013

There was plenty of speculation in the media earlier this year that the gold price was being driven down by fears of a sell-off by the central banks of struggling Eurozone economies like Cyprus. Desperate to raise money (so the story goes) central bankers in Italy, Spain and Greece might also plunder their vaults, constituting a far more substantial combined holding than Cyprus, with dire consequences for the gold price.
The eurozone’s crisis can be blamed for many things but the recent sell-off in gold which saw over $250 taken off prices in the space of a month is probably not one of them………………………………………..Full Article: Source


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VRS - who has written 34624 posts on Opalesque Commodities Briefing.


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