| 08.06.2012 - ANZ trims 2012 gold, silver, copper forecast |
| According to ANZ, the 2012 gold price outlook trimmed due to stronger-than-expected headwinds from a firmer U.S. dollar. Concern over the health of the global economy has seen investors reduce their exposure to gold in favor of other perceived safe havens, such as the dollar, in recent months. Since gold is priced in dollars, a stronger greenback makes the metal less affordable for other currency holders...............................................Full Article: Source |