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 Bill Hionas says Gold Prices Still Capped by Strong Dollar but Long-Term Outlook is Positive- Bill Hionas says Gold Prices Still Capped by Strong Dollar but Long-Term Outlook is Positive
- November 24, 2011
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As we approach the Thanksgiving long weekend, gold prices are edging back toward $1700.
MIAMI, FL - At the time of writing, gold prices are still being capped by a strong dollar. However, increasing investment demand and buying by central banks are both supportive of gold in the long term, so that many analysts still predict noticeably higher prices by the end of the year.
There are suggestions that the ECB may consider quantitative easing, which would also be strongly supportive of gold. Add to this, the super committee's failure to agree on a solution to the US budget deficit ...
- View more at: http://www.1888pressrelease.com/bill-hionas-says-gold-prices-still-capped-by-strong-dollar-b-pr-352918.html
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