18.01.2013 - German gold story distracts from supply & demand data, $1,900 forecast by July
"Amazingly," says Thursday's note from the commodity team at Commerzbank in Frankfurt, "the German Bundesbank's [statement on] the future storage of its gold reserves attracted more attention yesterday than the latest data from Thomson Reuters GFMS – the research institute, which specializes in analysing precious metals." "Criminal masterminds and Hollywood scriptwriters have been put on notice," says the Financial Times today, calling Germany's seven-year plan to move 674 tonnes of gold from New York and Paris to Frankfurt "one of the biggest publicly announced shipments of the precious metal on record."..............................................Full Article: Source
Print