Fri, Apr 25, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold price likely to hit US$1,400 an ounce

Posted on 07 August 2013

Gold price is likely to hit US$1,400 an ounce by year-end, with stable demand amid better economic expectations, says Malaysia’s largest gold jeweller. Gold price currently hovers between US$1,200 and US$1,300 an ounce.
Poh Kong Holdings Bhd executive director Ermin D.M. Siow said the price would not slide back to this year’s mid-April to mid-May level. He said one of the reasons why the sudden plunge between April and May was due to market speculation of the US Federal Reserve quantitative easing (QE) measures. ……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 34721 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
April 2014
S M T W T F S
« Mar    
 12345
6789101112
13141516171819
20212223242526
27282930