| Gold, which hit a record on Monday, is likely to extend gains for a second straight quarter to its peak as investors seek refuge from U.S. debt crisis and surging inflation, though physical demand cringing as a result could keep a lid on gains, a Reuters poll revealed.
Gold had recorded its earlier all-time high on April 30. "Major factors in the coming quarters could see gold rising as high as $1,650 (an ounce) by 2011 end. Euro zone debt fears and U.S. economy troubles are positive for gold," said Gnanasekar Thiagarajan, director with Mumbai-based Commtrendz Research..............................................Full Article: Source
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