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Message: Gold Outllook - Gold May Rise to $950 an Ounce as Miners Lower Output (Update1)

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Gold Outllook - Gold May Rise to $950 an Ounce as Miners Lower Output (Update1)

posted on Sep 17, 08 05:30AM

Dear Shareholder,

The following article from Bloomberg summarizes trends and events to date that would help in giving an overall direction for gold prices.

Dwindling output from mines, increasing gold demand from Asia and financial market turbulence that would lead to further purchase of gold assets are cited as the main factors for gold to reach the price of $950/Oz.

To read the article in its entiretyClick here

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