Mon, Aug 31, 2015
A A A
Welcome preal121
RSS

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

Weighing the Prospects for Gold Prices

Posted on 07 July 2014

The gold bugs are stirring. A 10% gain by the yellow metal this year is rekindling hope among long-suffering bulls that the major bear market that began nearly three years ago finally might be over. They argue that gold will continue to rise because investors will be seeking a hedge against rising inflation, currency fluctuations and geopolitical uncertainty.
Yet according to Duke University finance professor Campbell Harvey —one of academia’s leading experts on gold prices—the odds are poor that the metal will return any time soon to its all-time high in August 2011. That month, the spot Comex gold contract reached an intraday high of $1,929.20, more than $600 above Thursday’s settle price of $1,320.40………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 42143 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
August 2015
S M T W T F S
« Jul    
 1
2345678
9101112131415
16171819202122
23242526272829
3031