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Commodities Briefing - Categorized | Bullion/Gold, Trends more

Analysts agree gold is poised for a November rally

Posted on 23 October 2013

Analysts at BofA Merrill Lynch and Morgan Stanley are telling clients that gold is set to rally as Indian festival season gets underway. In a note to clients today, BAML analysts led by Michael Jalonen write:
Gold markets – Poised for a November rally? Last week, the gold price rose 3.5% ending Friday at $1,316/oz. This belied considerable intra-week volatility as bullion fell to an intra week low of $1,255/oz before rallying sharply (some $60/oz) due to the end of US Government shutdown and an expansion of the debt ceiling………………………………………..Full Article: Source


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VRS - who has written 38089 posts on Opalesque Commodities Briefing.


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