Gold Seen Cutting Weekly Drop as Europe Woes Spur Demand – Bloomberg 06-22-12

Salient to Investors:

Investor Jim Pogoda said just extending Operation Twist was seen as not enough to keep positive momentum in gold, which will attract some safe haven investment as the focus turn quickly back to debt troubles in Europe.

Nick Moore at Royal Bank of Scotland Group said global financial market risks abound and remain a threat to U.S. economic growth, and sees the FOMC is moving closer toward QE3, which would benefit gold.

Read the full article at http://www.bloomberg.com/news/2012-06-22/gold-poised-for-worst-week-this-year-as-silver-drops-to-2012-low.html