14
April
Gold forecast to reach $1,600 level
14 April 2011 The Financial Times
The rally in gold prices has further to run, says a leading precious metals consultancy, which predicts waves of investor buying will take gold prices to as much as $1,600 a troy ounce by the end of the year.
GFMS, the London-based consultancy that compiles benchmark statistics for gold, said on Wednesday in its bi-annual “gold survey” that fears that the market was approaching a turning point were premature. “In terms of gold fundamentals, there is a strong case for arguing that the glass is, at least, ‘half full’,” it said.
http://www.ft.com/cms/s/0/1d94dc08-65f4-11e0-9d40-00144feab49a.html
