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Gold Price Will Pass $1,400 This Year As US Inflation Rises, USAGOLD Analyst Says

Posted on 06 August 2014

Gold prices will reach $1,400 an ounce, the highest price since last September, by the end of the year, according to USAGOLD Centennial Precious Metals Inc. Higher demand from Asia and an anticipation of accelerating inflation are lifting the price, the precious metal dealer’s chief market analyst Peter Grant told Bloomberg.
Gold bullion prices will rise even if the Federal Reserve increases the interest rates that banks charge one another for short-term loans, which affects the rates banks charge customers for loans, to forestall future inflation. That’s because higher borrowing costs will likely come with rising consumer prices, he said………………………………………..Full Article: Source


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