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Outlook bright for gold in long term

Posted on 19 January 2009

From Thehindubusinessline.com: Gold, after being in the grip of bears for the most part of the week, recovered during the weekend. On Friday, it gained three per cent to close at $847.2 an ounce but during late fixing, it slipped to $833.75, indicating the continuing volatility.

Even if one were to discard the late fixing, gold still ended in the negative compared to the previous week. What is keeping gold under leash is low physical demand and less money with investors to buy the yellow metal….. Full Article: Source


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VRS - who has written 40662 posts on Opalesque Commodities Briefing.


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