15.12.2011 - Gold commodity price 'to reach $2000 an ounce' in 2012
Having reached an all-time high in September this year, the commodity price of gold will go on to even "loftier levels" in 2012, a trading expert has predicted. Terry Hanlon, president of US-based bullion dealer Dillon Gage Metals, noted that gold prices were inflated this year as traders rushed into gold in the spring during unrest in the Middle East and North Africa and the natural disaster in Japan. The metal reached a record $1,895 an ounce in early September as investors evaluated Standard & Poor's US credit downgrading. But from there, gold set back again, dropping $100 in one late-September day as nervous investors fled many assets...............................................Full Article: Source
Print