4
June
Gold Prices Brace for Volatility (GC in The Street)
4 June 2010 The Street
Gold prices were slipping Friday as investors preferred cash to gold heading into the weekend on the back of a disappointing jobs number.
...
"The fundamentals of gold are very strong, but if risk appetite picks up again ... and [investors] begin to allocate more capital back into the stock market then that could be negative for gold in the short term," says Mark O'Byrne - executive director of Goldcore. "But medium to long term I think the fundamentals are really sound because people are very concerned about sovereign debt issues." O'Byrne stands by his prediction that gold prices could hit $1,400 by the end of the year.
http://www.thestreet.com/story/10774702/1/gold-prices-brace-for-volatility.html
