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