Gold May Rise on Speculation Fed to Struggle Curbing Inflation
Gold may resume its rally on speculation that the Federal Reserve will halt interest-rate increases too soon to curb inflation, as fuel costs remain near record highs.
Eighteen of 42 traders, investors and analysts from Sydney to Chicago surveyed by Bloomberg News on July 20 and July 21 advised buying gold, which fell 7.2 percent to $620.20 an ounce in New York last week. Fifteen respondents said to sell and nine were neutral.
( Full story here )
Eighteen of 42 traders, investors and analysts from Sydney to Chicago surveyed by Bloomberg News on July 20 and July 21 advised buying gold, which fell 7.2 percent to $620.20 an ounce in New York last week. Fifteen respondents said to sell and nine were neutral.
( Full story here )
posted by Oil Shock at 7/26/2006 04:38:00 AM
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