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Commodities Briefing - Categorized | Bullion/Gold, Trading more

Gold traders split on two-year anniversary of peak: Commodities

Posted on 06 September 2013

Gold traders are divided on the outlook for prices next week, weighing signs of an improving U.S. economy against the threat of a military attack on Syria. Two years after bullion set a record, the majority said a new peak won’t be reached in the next 24 months.
Thirteen analysts surveyed by Bloomberg expect prices to rise next week, the same number were bearish and five were neutral. Gold slumped 29 percent since it reached an all-time high of $1,921.15 an ounce on Sept. 6, 2011. Eighteen people surveyed said the metal won’t exceed that level in the next two years and 11 predicted another record………………………………………..Full Article: Source


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