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

Gold tipped to hit record $2,000 per ounce by the end of the year

Posted on 03 October 2012

Gold is back on the march. Once again, City analysts are dusting off their forecasts that the precious metal will hit a record $2,000 (£1,240) per ounce by the end of the year.
It’s a simple equation. Gold tends to surge in value when people fear investing their money elsewhere, such as in the stock market or government bonds. Or as analysts at Deutsche Bank put it: ‘Gold’s value depends in large part on the degree of badness of bad money………………………………………..Full Article: Source


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