3
December
Gold May Gain on European Debt, Korean Concerns, Survey Shows (GoldCore in Bloomberg Survey)
3 December 2010 Bloomberg.com
Gold may advance as concern about Europe’s debt crisis and military tensions in the Korean peninsula boost demand for a protection of wealth, a survey found.
Eleven of 16 traders, investors and analysts surveyed by Bloomberg, or 69 percent, said the metal will rise next week. Four predicted lower prices and one was neutral. Gold futures for February delivery were up 2.1 percent for this week at $1,393 an ounce at 11 a.m. yesterday on the Comex in New York. Futures reached a record $1,424.30 on Nov. 9.
