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

Economists expect gold prices to reach $2,500 an ounce no later than 2013

Posted on 25 October 2011

The general return of confidence in the U.S. dollar has cut demand for gold as a hedge against a collapse in the U.S. currency, but economists at Capital Economics said they don’t expect that to hold back gold for much longer — and investment demand should help boost silver too.

“The monetary policy backdrop is highly favorable” for gold, they said in a quarterly report issued Tuesday………………………………………Full Article: Source


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