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The increase of gold prices by 4.98 percent last week was mostly triggered by investors who covered their short positions, said Gerhard Schubert, head of commodities at bank Emirates NBD, on Saturday.

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The sharp rebound in the yellow metal from two weeks ago was not sustainable due to the ongoing capital shifts into equities, an expert on precious metal said Saturday.

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The sharp decline of 6.44 percent in the yellow metal last week marked a fundamental shift in global investments from commodities to equities, Gerhard Schubert, the head of precious metals at bank Emirates NBD said Saturday.

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                    [Title] => Gold price reaches crossroads, heading downward: expert
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Head of precious metals at Dubai- based bank Emirates NBD, Gerhard Schubert said Saturday that the gold prices' loss of $4 billion against the previous week does not even begin to tell half of the story.

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The gold price fluctuated due to the economic data released last week on the United States' GDP in the fourth quarter of 2012, Gerhard Schubert, head of precious metals department at bank Emirates NBD, said Saturday.

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GERHARD SCHUBERT

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                    [Title] => Gold enters bearish market: expert
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The sharp decline of 6.44 percent in the yellow metal last week marked a fundamental shift in global investments from commodities to equities, Gerhard Schubert, the head of precious metals at bank Emirates NBD said Saturday.

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                    [Title] => Gold price reaches crossroads, heading downward: expert
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abtest

Gold price rebound; no change in bearish trend: expert

July 14, 2013 - 1:00pm

The increase of gold prices by 4.98 percent last week was mostly triggered by investors who covered their short positions, said Gerhard Schubert, head of commodities at bank Emirates NBD, on Saturday.

World

Gold rebound halted as fund outflows continue: expert

May 12, 2013 - 12:00pm

The sharp rebound in the yellow metal from two weeks ago was not sustainable due to the ongoing capital shifts into equities, an expert on precious metal said Saturday.

World

Gold enters bearish market: expert

April 14, 2013 - 11:00am

The sharp decline of 6.44 percent in the yellow metal last week marked a fundamental shift in global investments from commodities to equities, Gerhard Schubert, the head of precious metals at bank Emirates NBD said...

World

Gold price reaches crossroads, heading downward: expert

March 3, 2013 - 10:00am

Head of precious metals at Dubai- based bank Emirates NBD, Gerhard Schubert said Saturday that the gold prices' loss of $4 billion against the previous week does not even begin to tell half of the story.

World

'Gold price more sensitive to bad news'

February 3, 2013 - 9:00am

The gold price fluctuated due to the economic data released last week on the United States' GDP in the fourth quarter of 2012, Gerhard Schubert, head of precious metals department at bank Emirates NBD, said Sat...