Pan American Metals of Miami says Outlook for Next Week Optimistic
(1888PressRelease) Small majority of analysts see gold price rising next week.
MIAMI, FL – The general outlook for the coming week is cautiously optimistic with a small majority of market analysts predicting higher prices for gold as the European fiasco continues. Certainly, the situation in Europe will continue to dominate the media and many investors may be waiting before making a move. Any concrete move towards a viable resolution of the sovereign debt crisis in the euro zone would likely be bullish for precious metals. Barclays Capital suggests that commodities will rebound sharply if there is a favorable outcome to the weekend’s meeting of European leaders. Nicolas Sarkozy and Angela Merkel will meet Saturday night in Brussels ahead of the summit meeting on Sunday.
A weaker dollar should also encourage investors to return to the safe haven offered by gold Additionally, the onset of the festival season in India is likely to support strong physical demand for gold bullion, and – to a lesser extent – for silver.
“The possibility of a resolution of the European crisis will be supportive for gold,” says Bill Hionas of Pan American Metals of Miami. “Commodities, precious metals included, will likely rally strongly. At the same time, an increase in the value of the euro, assuming the outcome of the summit meeting restores confidence in the currency, will be accompanied by a weaker dollar, again this is a situation that is supportive for gold.”
Pan American Metals of Miami trades in gold, silver, platinum and palladium. Investors interested in taking a position in precious metals bullion can contact PAMOM’s team of expert advisors.
About us:
Pan American Metals of Miami, LLC is a group of traders, investors and account executives that combines many years of experience to help clients invest in bullion. PAMM provides an individual investment service and is based in Miami, Florida for convenient access to both North and South American investors.
Website: http://www.panamericanmetalsofmiami.com
Press Contact
Debbie Bailey
Executive Administrator
Pan American Metals of Miami, LLC
Email: dbailey ( @ ) investpanam dot com
Website: http://www.panamericanmetalsofmiami.com
Source:
http://www.1888pressrelease.com/pan-american-metals-of-miami-says-outlook-for-next-week-opti-pr-344797.html
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