Gold prices expected to rise

Sunday, 20 October 2013 - 19:37




Gold prices are set for a rebound as the US government shutdown boosted the precious metals safe haven status.


Ten out of 21 analysts polled by the Kitco Gold Survey said they expected gold prices to go up, as the markets fretted about the shutdown.


Prices had risen 1.2% a week ago on renewed buying interest stirred by US budget fears and the uncertainty surrounding the future pace of the Federal Reserves monetary stimulus program.

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