Last Updated : November 08, 2011 22:18
‘Gold at $2,000/oz, not until second half of 2012’
LONDON (Commodity Online): Gold topping $2,000 an ounce but not until the second half of 2012 said TD Securities in a snippet.
Accommodative monetary policy in the U.S. and Europe is one of the likely catalysts for further gains, plus there are worries the Federal Reserve may be willing to sacrifice price stability to jump-start employment.
“Given the previous two major corrections since 2008, it took about 6.5 and 5 months, respectively, to climb back to a new high,” TDS says. “As such, and considering the recent sell-off was more pronounced, we feel well justified to say that it will be a while yet before we see a new record price for gold.”
By Allen Sykora of Kitco News; asykora@kitco.com
NCDEX GUARGUMJODHPURJUN12 20 June 2012
contract was trading at
Rs 0 . What's your view on it?
