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Friday, November 11, 2011

Global Commodity Market outlook For Gold and Silver

Due to Global news Gold Prices may touch $2000 an ounce. The European central Bank wll have to create more money to assist the debt burden in Europe, and that will be good for
gold," said Standard Bank analyst .Gold should therefore continue to profit from the persisting high uncertainty," said Commerzbank in a note.   
The euro was slightly higher on the day, changing hands at $1.3641 and staying above a one-month low of $1.3484 touched on Thursday. For the week, the euro is still down about 1.5 percent.

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