Gold could reach $1,725 in second quarter, says StanChart’s Cooper
USAGOLD note: Suki Cooper says “gold is likely to be an asset investors can turn to” under current and economic and financial circumstances. A brief but comprehensive look at the factors affecting the price of gold at this point in time.
|ALERT! Institutional shortages of physical gold and silver have impacted hedging facilities in the New York Comex futures market, creating a unique market condition where the spot prices of gold and silver at which a physical dealer can hedge - and therefore use as a basis to price it products - is currently trading approximately $20 higher (gold) and 20¢ higher (silver) than what our pricing system indicates in the menu bar above. The June gold futures contract represents a more accurate price at which gold products will be priced against. Due to these extraordinary pricing conditions, all gold and silver orders must be confirmed by telephone only. We are closely monitoring this situation, and we will update when more information becomes available.|
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