UBS cuts 1-month gold forecast to $535 from $580 after metal's recent inability to rally despite higher silver, base metals, weaker USD; apparent absence of physical demand means further declines lacking support. Seems illogical, but Germany's decision not to make further gold sales could speed up European central bank selling given Germany will transfer 120-ton quota to another signatory, says UBS' John Reade.
- Forums
- ASX - General
- LHG
- short*
LHG
unknown
short*
-
- There are more pages in this discussion • 1 more message in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LHG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
HAR
HARANGA RESOURCES LIMITED.
Peter Batten, MD
Peter Batten
MD
Previous Video
Next Video
SPONSORED BY The Market Online