Pan American Metals of Miami says Gold's Rise Tempered by Stronger US Dollar
Download
1 / 2

Pan American Metals of Miami says Gold's Rise Tempered by St - PowerPoint PPT Presentation


  • 164 Views
  • Uploaded on

(1888PressRelease) All eyes are on European situation in the coming week.

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Pan American Metals of Miami says Gold's Rise Tempered by St' - donaldhood


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
Slide1 l.jpg

Pan American Metals of Miami says Gold's Rise Tempered by Stronger US Dollar

(1888PressRelease) All eyes are on European situation in the coming week.

MIAMI, FL, As predicted gold prices rose slightly today, October 17, trading within reach of $1700 at one point, though the price rise was tempered by a stronger dollar. European leaders have little time left to come up with an acceptable plan to recapitalize banks and bail out Greece. The €109 billion originally slated for Greece is now seen to be insufficient and those holding Greek debt will have to accept losses. The European situation will likely be at the forefront of investors' minds during the coming week; optimism will lead to a stronger euro and a weaker dollar and therefore be bullish for gold. On the other hand, fear that a suitable resolution will not be found in time will cause the euro to drop and the dollar to rise, which will not be beneficial for gold. A statement issued by a spokesperson for German Chancellor Angela Merkel suggested that a resolution of the crisis could take a long while and that hopes for a 'quick fix' were not realistic.

Additionally, Diwali is next week, bringing with it increased physical demand for gold from India. A high inflation rate in India is also causing citizens to purchase gold bullion for wealth protection.

"The European situation is likely to dominate the market for the coming week," says Bill Hionas of Pan American Metals of Miami. "We are hearing a lot of statements, promising definitive action, but no details as yet."

Pan American Metals of Miami trades in precious metals bullion: gold, silver, platinum and palladium. PAMOM is located in Miami Beach, at the financial hub of North and South America.


Slide2 l.jpg

About us: Stronger US Dollar

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-gold-s-rise-tempered-by-st-pr-343261.html


ad