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Email this article: Central bankers leading the way on gold
Posted: Sun April 29, 2012 1:05 am
INTERNATIONAL, Gold traders are getting more bullish and expect price to rally next week, as the IMF data showed at least twelve central banks bought an estimate of 58 tonnes of gold in March.
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SAUDI ARABIA. Saudi Arabia will need to keep cutting oil output to sustain prices above US$100 a barrel, according to BNP Paribas and Societe Generale; "We are swimming in crude, and they know that better than anyone because they are the biggest exporter."
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