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Politics : Welcome to Slider's Dugout

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To: bobbyfullerfore who wrote (4510)	2/12/2007 4:54:55 PM
From: maceng2	Read Replies (1) of 50428

Sales from September to December accounted for 50 per cent of sales for the entire year, according to the World Gold Council. And according to Barakat, the signs are pointing towards a strong, but stable, gold price this year."The US dollar is weak, their trade deficit will go higher and I don't think interest rates will increase. Central banks are not selling the amount of gold they are supposed to and banks are buying a lot of gold," he said. gulfnews.com other news indicates volatility... But a move back over $700 - which would first need to see gold break through last July's peak of $676 - would not be a one-way ride, traders and analysts said. gulfnews.com

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