TD Securities was the latest firm to raise its gold price forecasts, and now
expects the yellow metal to climb well above $2,000 per ounce in the coming
months. In its report, the firm addressed the recent weakness in gold by stating
that Despite the very gold-favourable macroeconomic environment, concerns
surrounding the European sovereign debt crisis and a generally bullish
sentiment, the yellow metal has dropped sharply from its September 7th high of
nearly $1,924/oz to trade sideways near the $1,850/oz territory recently." TD
nonetheless remained quite positive on gold, noting that We are bullish on the
yellow metal.
No comments:
Post a Comment