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

Gold to the rescue as financial forces overwhelm challenging fundamentals

Posted on 19 January 2009

From Mineweb.com: GFMS Ltd expects gold to help safeguard investors against government profligacy in 2009; prices to remain volatile and dips are possible, but followed by a strong bull run. The US jewellery industry has been hard hit.

The second interim update for the GFMS Ltd annual gold survey highlights gold’s highly individual nature, arguing that while recessionary conditions undermine the outlook for physical fabrication of the metal this year, the prospects for investment demand are robust and that an investor-led breach of the March 2008 high of $1,023.50 is quite feasible during the first half of this year. …. Full Article: Source


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