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Commodities Briefing - Categorized | Bullion/Gold, Market Moves more

Gold price forecasts: Is Wall Street taking you for a golden ride?

Posted on 22 June 2011

It seems that Newmont Mining Corp, the world’s No.2 gold producer, believes that the burgeoning demand from Asia’s newly minted middle class will send the yellow metal up to $1,600 this year and even higher in 2011.
The Newmont story reminded me of another news item that I’d read just days before - a news-service poll of analysts that said that the current Wall Street consensus was for gold prices to reach $1,700 an ounce in 2015……………………………………….Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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