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 Pan American Metals Of Miami Says Gold Is Remaining Volatile For A While But Due To Rise In The Long Term- Pan American Metals Of Miami Says Gold Is Remaining Volatile For A While But Due To Rise In The Long Term
- November 24, 2011
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Gold will rise in the long term but may see some further volatility in the short term, according to many market analysts.
While gold is struggling to maintain $1700 an ounce, it is actually gaining in price in euros, proving that it is the stronger dollar that is leading to gold being apparently capped at $1700. Germany's disastrous bonds auction demonstrated a widespread lack of faith in the future of the euro. Germany is Europe's largest and healthiest economy, so it is clearly the common currency that is causing investors to be concerned.
Gold did rise slightly overnight as there was some buying by bargain hu...
- View more at: http://www.1888pressrelease.com/pan-american-metals-of-miami-says-gold-is-remaining-volatile-pr-353215.html
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