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Email this article: Marc Faber says US$1,000 gold is new floor
Posted: Thu November 12, 2009 4:35 pm
INTERNATIONAL. Marc Faber said Gold won't fall below US$1,000 an ounce again as central banks print money to help fund budget deficits. The yellow metal is maybe cheaper today than in 2001, given the interest rates, he said.
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UAE. Low oil prices will constrain the amount of funding available to Gulf sovereigns and banks to support the region's substantial infrastructure bill in coming years; S&P projects a gap as large as $270 billion through 2019 between capital spending for projects and project contracts awarded.
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