Mon, Oct 20, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold unlikely to see upside above $1320/Oz: Saxo Bank

Posted on 07 April 2014

Gold prices witnessed a recovery towards weekend as US job growth data was less than expected and boosting safe haven demand for gold. US gold futures for June delivery rose 1.5% to settle at $1303.50 an ounce. Payrolls rose 192,000 in March which was below market expectations. With Fed Reserve indicating continuation of stimulus measures, gold stands supported at current levels.
Gold prices are unlikely to see any upside above $1320 an ounce in the near future due to lack of bullish news to drive the markets, according to Ole S Hansen, Head of Commodity Strategy at Saxo Bank………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 37533 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
October 2014
S M T W T F S
« Sep    
 1234
567891011
12131415161718
19202122232425
262728293031