29
September
Gold to Advance to Record $1,406 an Ounce in 12 Months, LBMA Survey Shows
29 September 2010 Bloomberg.com
Gold may advance 8 percent to a record $1,406 an ounce in a year, according to the average in a survey of those attending the London Bullion Market Association’s conference in Berlin this week.
The metal for immediate delivery rose as much as 0.3 percent to an all-time high of $1,300.15 an ounce in London trading today, heading for a 10th consecutive annual advance. That’s the longest winning streak since at least 1920.
