Goldman Gold Bullish: $1785/oz in 3 Months; $1,840/oz in 6 Months and $1,940/oz in 12 Months
Gold’s London AM fix this morning was USD 1,677.00, EUR 1,255.62, and GBP 1,052.00 per ounce.
Yesterday’s AM fix was USD 1,694.00, EUR 1,266.54 and GBP 1,059.55 per ounce.
Gold 1 Year – (Bloomberg)
Traders will watch the data from the US for the rest of the week. February durable goods orders later today, weekly jobless claims on [...]
Gold’s London AM fix this morning was USD 1,648.50, EUR 1,248.86, and GBP 1,039.01 per ounce.
Yesterday’s AM fix was USD 1,654.00, EUR 1,256.93 and GBP 1,044.26 per ounce.
Cross Currency Table – (Bloomberg)
Gold rose $2.60 in New York yesterday to close at $1,662.70/oz. Gold dropped in Asia this morning and losses continued in Europe where gold is now trading at $1,649.90/oz.
The superficially rosy US economic outlook has dimmed gold’s safe [...]