Outlook for precious metals remains bullish
Primarily as a consequence of the ongoing Eurozone crisis, the outlook for the precious metals market remains extremely bullish, according to the Head of Precious Metals at Emirates NBD, a leading bank in the region.
Gold may gain as concern about a slowing economy spurs demand for the metal as an alternative investment, a survey found.Seventeen of 23 traders, investors and analysts surveyed by Bloomberg, or 74 percent, said bullion will rise next week.