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

Will gold prices rise in 2013?

Posted on 10 July 2013

Will gold prices rise in 2013, or will the bear market continue in the second half of the year. The bears have certainly been loud this year, as short-term bets against gold paid off in the first half of 2013. Gold lost 27% in Q1, the worst first-half performance since 1981.
Gold futures shed 23% in Q1, the most since Bloomberg data began in 1975. On June 28, gold futures hit $1,179.40, the lowest level since August 2010. The continued gold prices rout is “shattering” investors’ confidence, Ric Deverell, head of commodity research at Credit Suisse Group said in a recent report………………………………………..Full Article: Source


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VRS - who has written 37015 posts on Opalesque Commodities Briefing.


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