0137 GMT [Dow Jones] Gold headed up toward $440/oz, on expectations Fed adopting more dovish tone, which "could maintain a generally weak USD environment for some time," says Numis Securities. Other supporting factors: continuing strong demand; falling South African supply; continuing, though slower, producer de-hedging; robustness to global events indicated by recent tight trading range. Expects gold equities to gain as investors realize benefits of forecast cash flow, production growth; recommends Peter Hambro Mining, Randgold Resources, Frontier Mining, Ballarat Goldfields (Numis acts as broker for Ballarat).(JAD)
NCM Price at posting:
0.0¢ Sentiment: None Disclosure: Held