Precious Metals

Bloomberg reports that according to Credit Suisse Group AG, gold, trading near a record high, will outperform oil.

Bloomberg reports that according to Credit Suisse Group AG, gold, trading near a record high, will outperform oil.

The market news is quoted as saying:

“We see potential for gold to outperform oil over the coming months,” Stefan Graber, Zurich-based analyst with Credit Suisse, said in an e-mailed interview yesterday. “We think an ounce of gold could potentially buy a few additional barrels of oil. This assessment is based on our positive view on gold versus a neutral view on the oil market.”

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MARKETS

Markets
TSX20197.61+15.69
TSXV702.09-3.49
DOW31261.90+8.77
S&P 5003901.36+0.57
NASD11354.62-33.88
ASX7145.60+81.10

COMMODITIES

Commodities
Gold1846.53+0.13
Silver21.75+0.03
Copper4.30+0.02
Palladium1968.65+11.53
Platinum957.67+3.19
Oil110.35-1.86
Heating Oil3.62-0.05
Natural Gas8.06-0.25

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