Mon, Mar 2, 2015
A A A
Welcome preal121
RSS

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

Gold may test $1,250 as ’safety’ status fades

Posted on 14 October 2013

Gold prices may fall towards $1,250 an ounce this week as a possible resolution to raising the U.S. debt ceiling, staving off default, shores up the dollar and undermines the precious metal’s safe-haven status, according to CNBC’s latest market survey of traders, analysts and strategists.
CNBC’s latest poll of gold market sentiment showed 83 percent (15 out of 18 respondents) expect prices will fall this week, 11 percent (2 out of 18) predict price gains, while a single respondent sees prices trading around current levels………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 39456 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
banner
March 2015
S M T W T F S
« Feb    
1234567
891011121314
15161718192021
22232425262728
293031