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

Gold’s bull run may drive price to $5 000 – expert

Posted on 27 February 2012

Gold may climb to a record $2 500 (R19 244) an ounce this year on demand from central banks and investors, according to Schroder Investment Management, which said a longer-term bull run may push the price to twice that figure.
The precious metal might trade between $1 500 and $2 500 this year, ending 2012 at about $2 250, Christopher Wyke, a London-based product manager for emerging market debt, commodity and currency funds, said. The bull run might last a further five to eight years, with the price coming near to $5 000, Wyke said, echoing a call that he made in 2008………………………………………..Full Article: Source


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