There are several key events for gold investors to watch this week. The focus will be on Eurozone talks and manufacturing data.
European leaders appear more willing to create a united front on the battle to reduce debt burdens and assist embattled countries to reduce borrowing costs. As a result, investors will be keenly watching progress of bilateral talks between German, Greek and French policymakers this week for any additional clues on Eurozone bailout packages.
The political deliberations will likely be set against the background of ongoing soft activity, with manufacturing indicators (PMI’s) expected to show a further contraction for the sector. Precious metals investors will be keenly eyeing the latest release of the US FOMC minutes on Wednesday. [Weekly ETF Review and Outlook]
ETFS Physical Swiss Gold Shares (NYSEArca: SGOL)
