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Renewed investment to drive gold price to over $1 800/oz by year-end – GFMS

Posted on 05 April 2013

The price of gold will rise to over $1 800/oz by the end of the year on the back of economic developments in the US and a recovering global market, the Thomson Reuters GFMS Gold Survey 2013 showed.
Head of the consultancy’s precious metals research and forecasts division Neil Meader doubted that the ongoing debate in the US relating to budget cuts and the further raising of the debt ceiling would be resolved in the near term, which would underpin the gold price this year………………………………………..Full Article: Source


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