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Commodities Briefing - Categorized | Bullion/Gold, Commentaries, Market Moves, Oil more

Gold to outperform oil as recession brews

Posted on 10 November 2008

From Alibaba.com: The price of gold has not fallen as sharply as the price of crude oil and other cyclical commodities during the global financial crisis, and bullion should strengthen relative to other commodities as economic troubles deepen.

Gold bullion has dropped 16 percent since October after a recent wave of fund deleveraging. But its oil purchasing power, a key gauge of economic strength, is at its highest in nearly two years and is holding up relative to equities and other asset classes…… Full Article: Source


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VRS - who has written 36568 posts on Opalesque Commodities Briefing.


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