Gold is waiting in wings to for the next round of stimulus measures,
this time from countries other than US like Australia and China.
As per Jeremy Friesen, a commodity strategist at Societe Generale in Hong Kong, further monetary responses could be expected from various central banks across the globe as Federal Reserve MBS purchase program kicks in and Europe's bond buying programme takes effect.
And according to him Gold may reach $1800/oz in the first quarter of 2013 because of the factors mentioned above playing out.
Report by Automatic Data Processing (ADP) on national employment which measures changes in US non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients on a monthly basis is due this evening.
The private sector report is a good indication and is followed by the government’s report that sets the stage for market movements.
A positive report is bullish for the USD and thereby bearish for bullion. This time around the report may indicate 150K of additional jobs even as the past reports showed 201K on September 6. Via
As per Jeremy Friesen, a commodity strategist at Societe Generale in Hong Kong, further monetary responses could be expected from various central banks across the globe as Federal Reserve MBS purchase program kicks in and Europe's bond buying programme takes effect.
And according to him Gold may reach $1800/oz in the first quarter of 2013 because of the factors mentioned above playing out.
Report by Automatic Data Processing (ADP) on national employment which measures changes in US non-farm, private employment, based on the payroll data of approximately 400,000 U.S. business clients on a monthly basis is due this evening.
The private sector report is a good indication and is followed by the government’s report that sets the stage for market movements.
A positive report is bullish for the USD and thereby bearish for bullion. This time around the report may indicate 150K of additional jobs even as the past reports showed 201K on September 6. Via
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