23
July
Gold seen rising in 2010 on inflation worries
23 July 2009 Reuters
Gold prices will be pushed up next year by a weaker dollar and inflation concerns, even though bullion's appeal as a less risky asset may be waning as the economic outlook improves, Calyon said on Tuesday.
Calyon, the investment banking arm of French bank Credit Agricole, forecast the price of gold will average $935 an ounce this year, rising to $975 in 2010 and $1,025 in 2011.
