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Before The Opening Bell: Asia--Europe--Metals---U.S. Stock Futures
Mixed views from analysts in precious metal markets. Gold last year tumbled the most since 1981 after some investors lost faith in the metal as a store of value, while U.S. policy makers signaled they will slow stimulus. The price has climbed 10 percent this year. “It is the insurance product against further emerging market turmoil, more bad U.S. data, potentially too frothy equity markets and unforeseen market shocks,” UBS analysts in London, who met with U.S. clients last week, wrote in the report. Silver for immediate delivery rose 0.9 percent to $21.70 an ounce. Earlier, the price reached $21.98, the highest since Nov. 7. The metal headed for the 12th straight gain, the longest rally since at least 1968. http://www.bloomberg.com/news/2014-02-17/gold-climbs-to-three-month-high-as-u-s-concerns-spur-demand.html Top Two Gold Forecasters Remain Bearish After 2014 Rally The two most-accurate gold forecasters are holding to their bearish forecasts for 2014 even after the metal posted its best start to a year since 1983. http://www.bloomberg.com/news/2014-02-18/top-two-gold-forecasters-remain-bearish-after-2014-rally.html
Comments
Gold last year tumbled the most since 1981 after some investors lost faith in the metal as a store of value, while U.S. policy makers signaled they will slow stimulus. The price has climbed 10 percent this year.
“It is the insurance product against further emerging market turmoil, more bad U.S. data, potentially too frothy equity markets and unforeseen market shocks,” UBS analysts in London, who met with U.S. clients last week, wrote in the report.
Silver for immediate delivery rose 0.9 percent to $21.70 an ounce. Earlier, the price reached $21.98, the highest since Nov. 7. The metal headed for the 12th straight gain, the longest rally since at least 1968.
http://www.bloomberg.com/news/2014-02-17/gold-climbs-to-three-month-high-as-u-s-concerns-spur-demand.html
Top Two Gold Forecasters Remain Bearish After 2014 Rally
The two most-accurate gold forecasters are holding to their bearish forecasts for 2014 even after the metal posted its best start to a year since 1983.
http://www.bloomberg.com/news/2014-02-18/top-two-gold-forecasters-remain-bearish-after-2014-rally.html