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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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SAUDI ARABIA. The combination of accelerating US supply, weaker than expected global demand, stabilization in geopolitics, and an appreciation of the dollar, led to oil prices dropping to an average of US$102 per barrel, according to the latest Jadwa Investment Global Oil Market Update.
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