| While many pundits are predicting gold prices could rise above US$2,000 an ounce this year, it is just as likely that price movements could be sideways and choppy, than onwards and upwards, says Tom Kendall, head of precious metals research at Credit Suisse Securities.
Speaking at the mining indaba, Kendall said the good news is that the global economy is improving and moving in right direction. "Global industrial production is lagging global demand. Global demand for goods and services is improving and that gap has to close. That should be good news for those in the commodities business," he said...............................................Full Article: Source
|