• International Business Times
  • See all for International Business Times
  • View Print Version
More from International Business Times

Weekly Fundamentals - Gold has Further to Go After Consolidation

By International Business Times,  September 22, 2012, 08:11:16 AM EDT

Profit-taking was seen last week after the market digested the Fed's QE3 announcement and the ECB's new plan to buy bonds. In the commodity sector, the outperformer was gold which stayed firmly above 1750 and managed for record gain for a 5th week. We expect the yellow metal has the potential to rise further, reaching 2000 or above next year as global central banks retain easing bias and interest rates would remain low.

Read More on International Business Times




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Commodities

Referenced Stocks:



Latest News Video

Anthony Weiner Is A Rock Star. Will It Hurt?
Anthony Weiner Is A Rock Star. Will...
The Book Clubs That Find Bestsellers
The Book Clubs That Find Bestseller...
IMF's Lagarde Faces Fresh Questions
IMF's Lagarde Faces Fresh Questions
Fears Over EU-US Energy Price Divide
Fears Over EU-US Energy Price Divid...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.21 0.10  0.75%
HPQ $ 24.86 3.63  17.10%
SIRI $ 3.545 0.01  0.28%
MU $ 11.39 0.47  4.30%
MSFT $ 34.15 0.46  1.33%
F $ 14.81 0.16  1.07%
QQQ $ 73.45 0.17  0.23%
GE $ 23.66 0.20  0.84%