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

Gold could hit $1600 by the end of this year : GFMS

Posted on 31 May 2011

Major precious metals reserech consultant firm GFMS said Gold’s decade-long price rally could take the metal above $1,600 an ounce by the end of the year. GFMS also said world’s largest gold bar and coin consumer China could import more gold this year.
According to Philip Kalpwijk, executive chairman of GFMS, Chinese demand for gold bars and coins as private investments could push bullion imports above 400 tons in 2011……………………………………….Full Article: Source

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