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

Pro: Three reasons gold will hit $1,600 by year-end

Posted on 13 August 2013

Gold hit its highest level in nearly three weeks on Monday, and one expert said the precious metal could rise nearly 20 percent by by the end of the year—a call many traders thought was too aggressive for this market.
Spot gold rose as much as 2.2 percent to $1,343.06 an ounce, its highest since July 24. The precious metal has much more room to run, too, said Anthem Blanchard, CEO of Anthem Vault, which sells physical gold and silver to U.S. consumers and holds $1 million in assets. Blanchard cited three reasons for why he thinks gold could climb to $1,600 an ounce by year end, all of which have to do with the fundamentals………………………………………..Full Article: Source


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