Friday, June 19, 2009
US:Gold or Property?
Gold may decline as investors leave a â€œcave of fearâ€ and buy other assets such as property. Twelve of 22 traders, investors and analysts surveyed, or 55 percent, said bullion would drop next week, the second consecutive negative call. Eight people forecast higher prices and two were neutral. Gold futures for delivery in August were down 0.8 percent for the week, at $933.10 an ounce, as of midday in New York yesterday. (Time to sell Gold, buy Property, anyone?).