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

Gold set to smash through $1,800/oz by year’s end

Posted on 09 April 2013

Gold prices have remained in the doldrums in recent months, putting in their worst quarterly performance in more than 10 years during January-March and conceding 5.3% since the start of the year. The metal plumbed as low as $1,540 per ounce late last week — its cheapest since May 2011 — before recovering ground to $1,570 recently.
However, I am convinced that current prices provide a sound base from which investors can build excellent returns. I believe that a backdrop of escalating macroeconomic and political uncertainty, particularly in Europe and the US, combined with rising inflation should push the store-of-value asset higher in coming months………………………………………..Full Article: Source


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VRS - who has written 39895 posts on Opalesque Commodities Briefing.


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