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Mineweb reported on the potentially positive outlook for gold prices.
Mineweb reported on the potentially positive outlook for gold prices.
As quoted in the market news:
Gold’s fortunes are set to improve in the weeks ahead: If Europe’s debt crisis subsides, the dollar will no longer benefit from its safe-haven role. If it continues to worsen, investors, particularly in Europe, are likely to accelerate their rush into physical gold, buying bullion coins, small bars, and ETFs, as they did in mid-2010 when Euro-angst was, like now, at a feverish pitch. But, either way, as traditional physical demand continues to grow, especially in Asia and from central banks in that region and elsewhere, gold is increasingly going into stronger hands that are less likely to sell even at much higher prices.
