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

Gold revving engine to jump start rally all the way to $2,025

Posted on 02 December 2011

The massive risk-asset rally generated by a global central bank liquidity-bailout on Wednesday pushed gold back onto center stage. The yellow metal just hit a two-week high after having suffered a massive correction from its early-September peak and will average $2,025 an ounce in 2012, according to HSBC’s head of precious metals research, Jim Steel.
Gold was all the rage in the investing world for a few months this year, hitting consecutive nominal all-time highs until it peaked on September 6 above $1,920. After a nearly 20% correction, gold balanced out and slipped off investors’ radar screens, slowly crawling back up above $1,700………………………………………..Full Article: Source


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