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

Gold to stick at $US1200-$US1300, says Monteray’s Mike Edwards

Posted on 15 July 2013

Gold’s spot price is likely to remain between $US1200 to $US1300 an ounce for as long as two years after rising more than four-fold between 2005 and September 2011, Mike Edwards, chief executive officer of gold explorer Monteray Mining Group, predicted.
“For a year or two I see gold around $US1300,” Mr Edwards said. “Gold has had a good run. Producers have to deal with [the current price].” Bullion’s spot price rose from $US412.70 an ounce on February 8, 2005 to $US1900.23 on September 5, 2011, according to Bloomberg data. The price has since fallen 32 per cent………………………………………..Full Article: Source


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