Target gold price (10 December 2011) for next week
In the Kitco News Gold Survey, out of 34 participants, 18 responded this week. Of those, seven participants see prices up, while nine see prices down and two see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical-chart analysts.
Some of the bulls listed the likelihood of further loosening of monetary policy by the European Central Bank down the road and potential for the Federal Open Market Committee to hint at more possible easing in the U.S. when policy-makers meet next week
Meanwhile, some participants were bearish due to the ongoing European debt saga, while others were bullish for the same reason. One analyst cited potential for gold to ease if it maintains its recent correlation with other markets, such as equities and the broader commodity market. But another suggested the crisis could reach the point where there are renewed worries about credit downgrades, more “printing” of money by central bankers and thus a move into gold as a store of value.
Target Pendita Emas:
Masih kekalkan sasaran pada 5 hingga 9 Disember 2011.
Terendah : USD1768
Sederhana : USD1795