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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold expected to sparkle with forecast to set new high

Posted on 18 January 2013

Gold is expected by many to continue to sparkle as an investment opportunity over the next two years despite a 12-year bull run that briefly took the precious metal as high as US$1,900 an ounce before pulling back.
Investment strategist Gavin Graham says gold should rise from its current price of US$1,689 an ounce to approach the 2011 high price later this year before perhaps hitting US$2,000 in 2014. “I know a number of people have got US$2,000 an ounce pencilled in at some stage over the next 18 months to two years and that’s not an unreasonable forecast,” the president of Graham Investment Strategy Ltd. said………………………………………..Full Article: Source


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