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Commodities Briefing - Categorized | Bullion/Gold, Currencies, Price Watch more

Gold may hit US$1,600 an ounce as currencies fall

Posted on 26 May 2011

Gold experts say the precious metal could rise to US$1,600 an ounce this year as investors seek refuge from a flagging global economy and weakening major currencies.
Tanarat Pasawongse, the managing director of Hua Seng Heng Gold Futures Co, predicts the price will soon test $1,525 an ounce with a high of $1,600 for the year……………………………………….Full Article: Source

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