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Commodities Briefing - Categorized | Bullion/Gold, Metals and Minerals, Price Watch more

Revisions to precious metals price forecasts

Posted on 11 November 2009

From Reuters: Gold prices hit record highs of $1,110.85 an ounce on Monday as the dollar index weakened to 15-month lows, with last week’s news that the IMF had sold 200 tonnes of gold to India also supporting the market.

Expectations for further dollar weakness and the prospect of inflation and further central bank buying are firmly underpinning the metal, dealers and analysts say…………………………..Full Article: Source


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