Wednesday, June 29, 2016

Banks Turn Bullish On Gold 
Post-Brexit; Soc Gen Eyes $1,400 Level
With gold prices holding strong gains above $1,300 since Friday’s surprise U.K. vote to leave the European Union, Societe General’s head of metals research is now calling for the metal to move much higher from current levels .. "We expect prices to rise to $1,400/oz, with follow-through strength extending to the rest of the precious metal sector .. The heightened market uncertainty will prompt investors to seek safe-haven assets, benefiting gold and the rest of the precious metals. While, arguably, some of this uncertainty has already been priced in, there is likely much more to come." .. 6 minutes

1 comment:

Anonymous said...

If Brexit was a surprise to someone you might as well forget anything else they have to say about the future.