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Gold set to breach $2,000/oz by year-end -GFMS

September 15 2011, 10:05

FMX|Connect- WWW.FMXConnect.com (Reported on 9/15/2011)

Gold set to breach $2,000/oz by year-end -GFMS

Source: Reuters

Gold prices are likely to break through $2,000 an ounce by year-end to new record highs, metals consultancy GFMS said in a report on Thursday, as inflation pressures in Asia and debt concerns in the West lead to a recovery in investment demand.

While investment was soft in the early part of this year, jewellery purchasing held up remarkably strongly as prices climbed to records, the company said, while central banks added to holdings and scrap supply remained muted. To read the full article, Click Here.

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