Gold has found follow through buying in the post-COMEX and Asian sessions which has led it to a fresh 25-year high of 570.50oz and in the current climate of inflationary concerns due to rising energy costs and geo-political uncertainties, particularly in the Middle-East, gold looks set to continue higher, targeting 575oz and potentially 600oz in the short-to medium term.
Quotes about geo-political (15 Quotes)
So the compromise itself is within ethics rather than between competing ethics, and I think that's true in geo-political concerns.
Looking ahead to 2006, most firms plan to hire strategically as concerns linger over rising interest rates, high energy prices and geo-political events,
It's very volatile right now. On one hand, we're consuming a lot, consumption and demand are growing globally, and these geo-political issues are very difficult to tame.
Cuts in exports of oil will spark off geo-political fears that will make traders think twice about selling. Traders don't want to be caught short.
We may have to have a geo-political regrouping or major geo-political changes.
What's driving the market right now is geo-political concerns. One concern is the situation in Nigeria.
The world is primarily organized in nation states sovereign, geo-political entities organized around one predominant nationality or ethnic group. National identity is the cohesive force that both holds nation states together and shapes their relationships with the family of nations.
Crude oil prices that continued to stay below 65 a barrel this week, fueled by the warmer than normal winter weather across the U.S., have helped drive retail gasoline prices slightly lower. It remains to be seen however, if these relatively modest declines in retail gasoline prices will continue with the geo-political concerns over Iran's nuclear ambitions.
Our world is undergoing major changes in its geo-political geography. The dramatic economic growth that we are now witnessing in China and India will have far-reaching consequences - not just economically but also politically.
The rising geo-political risks in Iran and Nigeria have put pressure on oil prices, raising concerns that inflation might escalate again.
The geo-political risk premium is already fully priced at the level we closed at yesterday.
The geo-political news from Iran is not as hot anymore.
Short-term the outlook for gold remains mixed with traders closely monitoring the movements in the currencies and oil as well as the newswires, while concerns about inflation and geo-political uncertainties continue to support a more bullish mid to long-term view.
The geo-political risk premium and how it fluctuates is a key driver in the price of oil. Since the time Saudi Arabia objected to Iran's call to cut output and promised to provide more oil, the risk premium has declined.