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Prospects for gold
Dubai Eye - 14 Feb 2012
Jeff Rhodes, CEO, INTL Commodities is less bullish than normal about the prospects for gold.
Jeff Rhodes, CEO, INTL Commodities is less bullish than normal about the prospects for gold.
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Warren Buffett, the Oracle of Omaha, sets out his theory on gold and explains why he is not enamoured by its charms. And why there is no treasure to be found in Treasuries.
After a tumultuous year for financial markets around the world, gold was one of few asset classes to deliver positive returns in 2011. However, analysts said gold prices might reach a record high above $2,000 an ounce in late 2012 or early 2013.
Commodities markets have enjoyed a flying start to the year, as investors have been encouraged by better economic news and apparent stabilisation in the eurozone's sovereign debt crisis.
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Rankings
| Ranked by Market Cap Based on yesterday's close | No. of Employees | Total revenue |
| Company | Country | Market Cap ($mil) |
|
| 1 | Saudi Basic Industries Corporation | Saudi Arabia | 75,994 |
| 2 | Al Rajhi Bank | Saudi Arabia | 29,596 |
| 3 | Qatar National Bank | Qatar | 26,191 |
| 4 | Industries Qatar | Qatar | 20,239 |
| 5 | Emirates Telecommunications Corporation | UAE | 19,888 |
| » View Full List | |||