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Email this article: Marc Faber says US$1,000 gold is new floor
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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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BAHRAIN. During an interview with Euromoney Conferences, John Sfakianakis the GCC Regional Director at Ashmore Group, said the milestone decision to liberalise the Saudi Tadawul Index is extremely significant as investors will be able to gain exposure to a formidable oil economy by investing in its market.