29
October
Gold May Decline Next Week on Concern Prices Rose Too High, Survey Shows (GoldCore in Bloomberg Survey)
29 October 2010 Bloomberg.com
Gold may decline on concern that prices rose too high amid speculation about Federal Reserve asset purchases, a survey found.
Thirteen of 26 traders, investors and analysts surveyed by Bloomberg, or 50 percent, said the metal will fall next week. Eight forecast higher prices and five were neutral. Gold for December delivery was up 0.7 percent for this week at $1,335 an ounce at 11:15 a.m. yesterday on the Comex in New York. It reached an all-time high of $1,388.10 on Oct. 14.
