23.10.2013 - Analysts agree gold is poised for a November rally
Analysts at BofA Merrill Lynch and Morgan Stanley are telling clients that gold is set to rally as Indian festival season gets underway. In a note to clients today, BAML analysts led by Michael Jalonen write: Gold markets Poised for a November rally? Last week, the gold price rose 3.5% ending Friday at $1,316/oz. This belied considerable intra-week volatility as bullion fell to an intra week low of $1,255/oz before rallying sharply (some $60/oz) due to the end of US Government shutdown and an expansion of the debt ceiling...............................................Full Article: Source
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