22.01.2013 - Gold headed towards $1700, silver outperforms Gold
US Gold futures for February delivery closed at $1687 per ounce while silver outperformed the yellow metal having reached the highest levels at 31.93 but both metals arenít providing any clues about its behaviour-whether it is trading as a safe haven asset or risk asset. On expectation of further stimulus measures and US debt ceiling talks, gold advanced to a one-month high on Friday. The price of gold in the global markets headed towards $1,700 this week. In Indiaís Multi Commodity Exchange, gold movement is showing sideways to negative trend trading below 20 day average of Rs 30820.50/10 gram levels...............................................Full Article: Source
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