|
Chairman of GFMS, says the consultancy’s previous view of a $700/oz gold price before year-end announced in mid-September might not happen.
The Chairman opines that gold will rally before the end of the year but it is very unlikely to get to $700/oz by then."
The Chairman attributes gold’s current weakness, among other things, to weaker oil and confusion on central bank sales. The price has not traded over $600/oz since October 2. |
|