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Gold’s average price likely $2,025 in 2012 – HSBC forecast

Posted on 03 October 2011

Gold prices will likely average $2,025 a troy ounce in 2012 as investors are expected to continue to rush to safe-haven assets amid continuing concerns over the health of the euro-zone economy, Paul Bloxham, HSBC’s chief economist (Australia and New Zealand), said.
However, prices will likely ease over the next five years to $1,500/oz levels as fundamentals take over from global financial concerns, he said on the sidelines of HSBC’s Global Natural Resources Conference……………………………………….Full Article: Source

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VRS - who has written 38189 posts on Opalesque Commodities Briefing.


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