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

Gold could flirt with $2,000 by year-end

Posted on 08 October 2012

Gold will continue to shine in the coming days as investors opt for the yellow metal as their top commodity choice in a turbulent fourth quarter. The precious metal, which hit an 11-month high at just below $1,800 an ounce on Friday, is expected to flirt with the $2,000 mark by year-end.
Prices may set a new record next year as investors fear a possible “fiscal cliff” in the United States that will shrink the world’s largest economy and spur more money printing to offset the impact of a potential $600 billion spending cuts and tax hikes in 2013………………………………………..Full Article: Source


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VRS - who has written 38163 posts on Opalesque Commodities Briefing.


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