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

Gold tipped to hit $1,400 on Russia fears and ETF buying

Posted on 20 March 2014

German bank says that turmoil in Ukraine and a return of ETFs will push gold prices even higher in 2014. Gold prices will hit $1,400 (£842) an ounce by the end of the year in a dramatic turnaround in sentiment among investors buying the precious metal, according to Commerzbank.
The German bank said it has been “surprised by the early timing and scale of the upward movement” in the price of gold, which has risen 15pc this year………………………………………..Full Article: Source


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