The commodities forecast from July 3, In accordance with the forecast, Gold Prices Break Record High
The commodities forecast from July 3 2011 Time horizon of the forecast: 14 trading days.
The August contract for gold futures asettled at $1,590.10 an ounce on Friday, up 3.15% on the week, and just shy of this week’s record nominal price of $1,594.90. September silver futures gained 6.97%, settling at $39.091 an ounce.
Gold’s direction next week:
Uncertainty regarding the outlook for European and U.S. debt has most participants in Kitco News’ Gold Survey expecting higher prices for the yellow metal next week.
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