Wed, Nov 26, 2014
A A A
Welcome kbr175@gmail.com
RSS

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

Gold Price Will Pass $1,400 This Year As US Inflation Rises, USAGOLD Analyst Says

Posted on 06 August 2014

Gold prices will reach $1,400 an ounce, the highest price since last September, by the end of the year, according to USAGOLD Centennial Precious Metals Inc. Higher demand from Asia and an anticipation of accelerating inflation are lifting the price, the precious metal dealer’s chief market analyst Peter Grant told Bloomberg.
Gold bullion prices will rise even if the Federal Reserve increases the interest rates that banks charge one another for short-term loans, which affects the rates banks charge customers for loans, to forestall future inflation. That’s because higher borrowing costs will likely come with rising consumer prices, he said………………………………………..Full Article: Source


 Article link

This post was written by:

VRS - who has written 38144 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

banner
November 2014
S M T W T F S
« Oct    
 1
2345678
9101112131415
16171819202122
23242526272829
30