02.11.2012 - November tends to be seasonally bullish for Gold: UBS
October tends to be a seasonally negative month for gold but November a seasonally bullish one, said Zurich based Investment Bank UBS in a snippet. December gold last traded up $8.00 at $1,720.00 an ounce on the Comex division of the New York Mercantile Exchange. Spot gold was last quoted up $10.90 at $1,720.50. “Monthly returns since the mid-1970s show an average gain of about 1.4% in November, the second strongest month in terms of seasonality,” the bank added...............................................Full Article: Source
Print