Gold price set for bullish 2004
02 January 2004
The US dollar gold price is likely to continue its two-year bull trend in 2004 driven by a weak US dollar, the renewal of the Washington central bank gold agreement and the threat of renewed terrorist attacks, Switzerland-based MKS Finance analyst Frederic Panizzutti says.
"One of the main events in the first quarter of the year will be the long awaited announcement of the renewal of the Washington Agreement and its terms and conditions," he added.
"The established bull trend will generate broader interest and attract fresh investments in the yellow metal.