Friday, January 4, 2008

GOLD: Continues to rise against major currencies

Rising inflation and expectations of Fed rate cuts in the US, continue to be strong drivers for gold. As speculators and hot money enter the bullion market, volatility in gold prices will increase.

Also, as Crude oil hit $100 and agricultural commodities continue to rally, commodity markets are likely to attract investor interest for fresh investment allocations in 2008.

No comments: