| 06.12.2011 - Gold could fall below $1,700 if Merkel and Sarkozy fail at EU summit |
| Friday’s all-important EU summit will dominate headlines and dictate market behavior this week, UBS’ precious metals analyst Edel Tully said Monday in a note on gold. The yellow metal is poised to rally in the event of a positive outcome, as its been trading alongside risk assets recently. A disappointing statement could result in a big price drop, sending gold below $1,700. Regardless, Tully sees a 2012 rally looming...............................................Full Article: Source |