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Gold and gold equity markets witness rally
Wednesday, August 10,
2005 7:37:52 AM ET
Merrill Lynch
LONDON,
August 10 (newratings.com) – Analysts at Merrill Lynch say that the annual
rally in gold and the gold equity markets has begun.
In a research note published this morning, the analysts mention that the
S&P/TSX Gold Index has risen 7.1% since July 19, while gold price has jumped
3.9%. Historically gold and bullion shares have risen significantly in the
period from early summer to mid autumn, Merrill Lynch says. The increase is
likely to be due to renewed fabrication demand for the holiday seasons, the
analysts add.
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