14.11.2011 - Gold outlook positive for remainder of 2011
Gold's edging higher over the last few weeks can be attributed to a host of factors but certainly the rising cost of funding. Italy's debt towards the pivotal 7% has had the market in thrall. The 7% has been seen as the level beyond which Italy would be forced to seek support from the ECB and IMF and, to put it frankly it remains, a moot point whether there is sufficient funding to do much for them. In short, Gold prices have benefited from what has appeared to be a slow speed train crash in the Eurozone...............................................Full Article: Source
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