12.08.2011 - Oil around $100 for 2 years, gold to scale new highs
Oil is likely to remain weak in the short term due to the sluggish global economy, while gold reaches new peaks on its increasing safe haven appeal and an expected further easing of U.S. monetary policy, a London-based fund manager said. Angelos Damaskos, chief executive officer of Sector Investment Managers Ltd, said that OPEC producers prefer oil prices around $100 a barrel and that the group would act to cut production to support prices..............................................Full Article: Source
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