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

Precious metals enter summer lull, will miss commodity supercycle

Posted on 09 July 2013

The gold price ticked higher in London trade Monday morning, rising from its lowest weekly close in three years as Asian stock markets fell but Eurozone shares jumped over 2% higher.
Major government bonds ticked higher, easing interest rates down, while the U.S. dollar held steady after last week’s strong gains on the currency market. A Wall Street Journal survey says the majority of economists think that Friday’s jobs data mean the U.S. Federal Reserve will start reducing its quantitative easing program as early as September………………………………………..Full Article: Source


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