On the Comex, gold for delivery on August 13 was seen closing at $1,284.15/oz, a gain of $4.25 or 0.33% on Friday.The futures are closed for weekend. Silver on the Comex for delivery on September 13 closed Friday at $19.895/oz, registering a loss of $0.061 or 0.31%.
MUMBAI (Commodity Online): If the survey results of Bloomberg are anything to go by, gold futures are poised to climb next week. Nineteen analysts surveyed by Bloomberg think that gold futures may rise next week even as nine analysts were bearish and three neutral.
Gold as of last quarter has lost 23% y/y and witnessed acceleration in declines as US Federal Reserve Chairman Ben Bernanke hinted that the Quantitative Easing measures announced by Fed would see a tapering starting second half of this year.
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This post has been edited by kittycriston: Jul 13 2013, 12:18 PM