13.10.2011 - UAE-based 'gold hand' Maktari sees gold at US$2,200 in 2011 if Fed announces QE3
Maktari, the so-called 'Gold Hand', the international gold trader who some believe can control the price of gold, has today forecasted gold to reach US$2,200 per ounce by the end of 2011. In a commentary emailed to BI-ME, Maktari said: "At the start of the year, many analysts, including myself, predicted gold would reach up to US$1,600 an ounce before the end of the year, given the dire global economic situation and the yellow metal's appeal as a safe haven. But as the months rolled on, most analysts had to revise their outlook upward, and more so since the beginning of August and the downgrade of US debt.".............................................Full Article: Source
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