GOLD 0.51% $1,391.7 gold futures

just something i noticed today....DJ MARKET TALK: Gold...

  1. 3 Posts.
    just something i noticed today....

    DJ MARKET TALK: Gold Correction To $455 On Way - Analyst
    12:42, Monday, 5 December 2005



    0142 GMT [Dow Jones] Spot gold, now $506.95/oz, expected to peak at $507-510 then fall back to $455 within 3 months as funds book profits against backdrop of seasonally slower physical demand, stronger USD, says ANZ Bank's Craig Ferguson; "if we see euro/dollar break 1.16 that might be the signal for gold profit takers," adding view supported by recent selling of gold-related equities. If fund enthusiasm can sustain gold above $510 it may keep rising to $530, although that's unlikely, he says.(JAD)
 
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