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Chinese gold analysts say gold could rise to $2,000/oz in Q4

Posted on 30 September 2011

The gold price has a chance of climbing to $2,000/oz in the fourth quarter, gold industry analysts in mainland China and Hong Kong said Thursday, citing the poor outlook for the global economy and the eurozone debt crisis.
Although Chinese gold industry experts see some near-term risks in gold due to investors’ wait-and-see attitude because of the upcoming National Day holidays in October in China, a precious metals analyst with Galaxy Futures, a subsidiary of Galaxy Securities based in Beijing said: “We see the gold price having an opportunity of climbing to $2,000/oz within Q4.”………………………………………Full Article: Source


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