Commodities & Energy

Gold potential target at $1300

Gold should see improved sentiment and a slowdown in selling during Q1, according to Max Knudsen of ADS Securities. This year has seen the best period of buying in 15 months with the potential for prices to reach $1300. Knudsen also discusses rising sentiment in the platinum market.

Coal bottoming out

Walter Zimmermann of ICAP says that despite unexciting price action for coal over the past year or so, a large head and shoulders bottom pattern may now be forming. This will target coal at the 71.50 to 72.00 range as long as the neckline is breached decisively.