Filed under: Forecasts, China, Commodities, Federal Reserve, Currency
The trends that drove gold prices higher in 2010 are still in place. In the U.S., the Federal Reserve is buying $600 billion in treasuries in an attempt to keep interest rates low. Low interest rates encourage higher gold prices.
In Europe, the situation is still unstable. The European Central Bank (ECB) has stepped up its purchases of member nations’ bonds. Spain is still on the table as a country teetering on verge of a bailout. Until the European mess is settled, gold remains a surrogate currency.
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Analysts Forecast Higher Gold Prices in 2011 originally appeared on BloggingStocks on Sun, 02 Jan 2011 14:15:00 EST. Please see our terms for use of feeds.
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Gold prices have marched to a new high of $1,422.45 per troy ounce in London. This marks the fourth day of the gold rally.
Precious metals moved higher today, led by gold, which set another record high. Here are the numbers:
Starting next month you will be able to buy gold at an ATM machine. Can that be true? Yes, 
