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Commodities Briefing - Categorized | Bullion/Gold, Investment, Resources more

China stocks up on gold as price tumbles

Posted on 16 September 2013

Jeffrey Currie, head of commodity research at Goldman, says the yellow one could fall below $US1000 an ounce and the bank’s target average for 2014 is $US1050 an ounce.
Sure, it’s been a bad week for gold. The seeming truce on the Syrian chemical weapons issue (no US airstrikes required) and anticipation that the Federal Open Market Committee, which meets tomorrow, will reduce the rate of money printing have induced a market feeling that all is well (no wealth protection required)………………………………………..Full Article: Source


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