Gold Price Forecast: Gold price has been rising continuously. Investors worried about safety of their money have invested heavily in it. While yellow metal rate has been climbing fast, it is all set to skyrocket! Cutting through the jargon are experts.
precious metals prices
Government plan: Germans should get anonymous gold only up to 2000 euros
The Federal Government wants to drastically lower the upper limit for anonymous gold purchases: From 2020, precious metal traders should already control the personal details of the buyer and carry out a risk analysis for an amount of more than € 2,000.
Precious Metals: Near Term Correction Due
Precious Metals – ABN AMRO’s Senior precious metals strategist, Georgette Boele, notes that gold prices have gained 17% this year and argues that gold prices have risen too sharply in a short period and are likely to make a correction in the coming months.
Metals Prices Finding Support – GSR (Gold Silver Reports)
Three-month base metals prices on the London Metal Exchange were for the most part firmer during morning trading on Wednesday October 3.
The exceptions were tin where prices were down by 0.5% and nickel where prices were little changed. The rest were up between 0.2% for copper at $6,267 per tonne and 0.6% for zinc at $2,674 per tonne.