NEW YORK: Silver hit one-month peaks on Thursday, increasing benefits from last week motivated by poor US tasks data, even as significant market speech Goldman Sachs expected a losing year for gold bullion and other products such as birdwatcher and soy beans.
The spot price of gold increased about half a % to above $1,255 an ounces, its maximum since Dec. 12, becoming a member of a wide run-up in the products complicated on Thursday as the dollar came and US shares reduced.
Goldman on Thursday prediction a year-end price focus on of $1,050 for silver that places the bright steel on course for a 15 % reduction from current levels.
A similar per centage decrease in birdwatcher for 2014 was expected by the Wall Road bank and products investor. Copper futures trading increased a little bit to close at $7,329 a tonne in London, uk but was still down about 1 % on the season.
In soy beans, Goldman saw a "significant downside" through the season due to objectives for history Southern United states outcome. On Thursday, soy beans rallied 1.2 % to above $12.94 a bushel in Chicago, illinois, rebounding from the 6-week low hit in early Jan. For the season, soy is little modified.
Goldman said it was fairly neutral on products near-term and under a healthy weight over the long run, predicting a 3 % come back over a 3-month period and adverse 3 % over 12 months.
"The doubt about oil resources due to geopolitical threats in Libya and Southern Sudan keeps us from taking a more powerful view near phrase," it said. While it saw a architectural keep market in the remote future, Goldman still suggested having products in 2014 "from an resource allowance perspective".
The 19-commodity Thomson Reuters/Core Product Catalog increased a moderate 0.3 % on Thursday and is down nearly 1.5 % on the season.
Oil costs dropped, with US raw down nearly 1 % at $91.80 a gun barrel while standard Brent oil falling about half a % to below $107.
Gold costs increased on Saturday after US tasks information for Dec revealed companies choosing the least employees in nearly three years. Gold investors and investors saw the information as a indication that the Government Source will take more time to blend bond-buying and increase rates than formerly thought.
Gold, a preferred protect against the poor money and economic doubt, hit history peaks above $1,900 this year as the Fed multiplied its financial development after the economic problems. Last season, after a 12-year move, it dropped for the first time, falling nearly 30 %, and the Fed shifted to move back its stimulation actions. This season so far, it has increased 4 %.
Some believe the recovery can continue. "If silver costs can maintain the $1,200 key support level, the majority of the 2014 season could very well stay within the $1,200-$1,400 range," London-based ETF Investments said in an review.
A similar per centage decrease in birdwatcher for 2014 was expected by the Wall Road bank and products investor. Copper futures trading increased a little bit to close at $7,329 a tonne in London, uk but was still down about 1 % on the season.
In soy beans, Goldman saw a "significant downside" through the season due to objectives for history Southern United states outcome. On Thursday, soy beans rallied 1.2 % to above $12.94 a bushel in Chicago, illinois, rebounding from the 6-week low hit in early Jan. For the season, soy is little modified.
Goldman said it was fairly neutral on products near-term and under a healthy weight over the long run, predicting a 3 % come back over a 3-month period and adverse 3 % over 12 months.
"The doubt about oil resources due to geopolitical threats in Libya and Southern Sudan keeps us from taking a more powerful view near phrase," it said. While it saw a architectural keep market in the remote future, Goldman still suggested having products in 2014 "from an resource allowance perspective".
The 19-commodity Thomson Reuters/Core Product Catalog increased a moderate 0.3 % on Thursday and is down nearly 1.5 % on the season.
Oil costs dropped, with US raw down nearly 1 % at $91.80 a gun barrel while standard Brent oil falling about half a % to below $107.
Gold costs increased on Saturday after US tasks information for Dec revealed companies choosing the least employees in nearly three years. Gold investors and investors saw the information as a indication that the Government Source will take more time to blend bond-buying and increase rates than formerly thought.
Gold, a preferred protect against the poor money and economic doubt, hit history peaks above $1,900 this year as the Fed multiplied its financial development after the economic problems. Last season, after a 12-year move, it dropped for the first time, falling nearly 30 %, and the Fed shifted to move back its stimulation actions. This season so far, it has increased 4 %.
Some believe the recovery can continue. "If silver costs can maintain the $1,200 key support level, the majority of the 2014 season could very well stay within the $1,200-$1,400 range," London-based ETF Investments said in an review.
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