| The Gold Bullion Entrepreneurs Association of Malaysia (GBEAM) expects gold price to hit US$2,000 per ounce by mid-year from the current US$1,733 per ounce as the weakening global economy would drive more funds to safe-haven investments such as gold.
GBEAM secretary-general Datuk Joseph Kow said in an interview that from now till March, the price of gold should increase between 5% to 8%. “We expect gold trading to pick up in the second quarter 2012,” he said...............................................Full Article: Source |