From WSJ: Gold bulls say the price of the precious metal is set to reach fresh highs early in the new year, on mounting inflation fears fueled by loose U.S. and euro-zone monetary policies.
With central-bank purchases and Chinese imports emerging to support gains, analysts and traders say they expect the metal to quickly surpass $1,500 a troy ounce, reaching as high as $1,700 an ounce—or even $2,000, according to forecasts by some of the industry's more bullish participants—before the tide turns slightly in 2012..............................................Full Article: Source
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