Tue, Sep 2, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | ETFs / ETCs more

Gold ETP sales “will cut gold to $1200″

Posted on 19 June 2013

Gold prices will end 2013 at $1200 per ounce because of increased sales from exchange-traded products, according to analysis from a major investment and bullion bank. Societe Generale analysts sees gold ETF and other investment trust-fund sales continuing to the end of the year, leading the price of bullion to drop to $1200 per ounce.
The bank’s previous year-end forecast was $1375. “We believe that the dramatic price drop in mid-April was the beginning of the deflation of a bubble,” say Michael Haigh, Jesper Dannesboe, and Robin Bhar, pointing to “speculation [that] the US economic recovery will mean less [monetary] stimulus.”……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36706 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930