Gold may jump in long-term

Note: This section contains information in English only.
Source: Commodityonline
© Scanpix/AFP

Despite recent cuts in the projected gold prices experts see high growing potential in the yellow metal's price.  According to forecast of BNP the gold price will be about $2,025 an ounce in the next year as compared with $2,080 expected earlier but it will jump to $2,280 an ounce from $2,200 an ounce projected before.

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Wed, 30 Nov 2011 12:52:23 GMT

Copper prices may boost on the possible supply shortage

Ongoing strikes in the mines producing copper coupled with rising concerns over political clashes in Congo, the second largest copper producer, add to the probability of copper deficit in the next year. Currently copper prices are weak due to pessimistic economic outlook; however, decreasing supply of the raw metal may lead to a highly bullish sentiment on the market. At the moment copper is trading

Wed, 30 Nov 2011 13:09:46 GMT

Gold futures fluctuate above USD 1,700 an ounce

Gold futures experienced slight fluctuations on Tuesday remaining above psychologically significant level of USD 1,700-an-ounce as investors were affected by the developments in the EU like meeting of euro-zone finance ministers and successful Italian auction. On the Comex division of the New York Mercantile Exchange, gold futures for February delivery achieved USD 1,718.75 a troy ounce at the U.S. early trade, adding 0.25% since opening.

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