Medium To Long Term Confidence

- July 10th, 2009

Gold Investing News reports gold prices may decline in the next couple of weeks and start climbing up again in the future. Although gold is facing some headwinds, the overall financial environment remains bullish for gold.” In their recently published Metals Matters, ScotiaMocatta has noted that IMF gold sales are now all but inevitable, as … Continued

Gold Investing News reports gold prices may decline in the next couple of weeks and start climbing up again in the future.

Although gold is facing some headwinds, the overall financial environment remains bullish for gold.” In their recently published Metals Matters, ScotiaMocatta has noted that IMF gold sales are now all but inevitable, as a result of a recently enacted bill that will allow the IMF to sell 403 tonnes of gold to increase its finances. The market expects the sales to be conducted under the umbrella of a Central Bank Gold Agreement (CBGA), ScotiaMocatta said.

For complete story, click this link.

Follow developments in resource mining and exploration for free.

Sign on to The Resource Stock Watch.

Leave a Reply