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MF Global Anticipates Gold Advance To $1,350/Oz
Wednesday, September 22, 2010
22 September 2010, 9:13 a.m.
By Allen Sykora
Of Kitco News
http://www.kitco.com/
(Kitco News)-MF Global looks for the gold market to maintain its upward momentum, with prices perhaps advancing toward $1,350 an ounce over the next few weeks. “Support will come from yesterday’s FOMC statement, miner hedge unwinds, and technical momentum,” MF Global says. “The market is overbought, but has been so for more than a month now with no effect.”
By Allen Sykora of Kitco News; asykora@kitco.com
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