Precious Metals

Mining Weekly reported that according to the most recent GFMS Gold survey, gold is expected to rise to $1 800/oz by the end of the year, pushed up by U.S. economic development and stability in the global markets.

As quoted in the market report:

Mining Weekly reported that according to the most recent GFMS Gold survey, gold is expected to rise to $1 800/oz by the end of the year, pushed up by U.S. economic development and stability in the global markets.

As quoted in the market report:

Gold is likely to remain very sensitive to US monetary policy and, even though we’ve had some hawkish noise from some within the Fed, it is difficult to see a material unwinding of the quantitative easing programme until well into 2014, which should bolster the gold price in 2013,” he commented.

To view the whole Mining Weekly report, click here.

MARKETS

Markets
TSX20276.53+95.93
TSXV669.24-9.26
DOW34145.61+233.17
S&P 5004304.22+7.08
NASD13099.77-28.28
ASX7064.30+31.80

COMMODITIES

Commodities
Gold1775.70-2.67
Silver20.14-0.10
Copper3.63+0.01
Palladium2154.00+17.43
Platinum938.00+8.00
Oil86.56-2.85
Heating Oil3.43+0.02
Natural Gas9.36+0.63

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