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Gold a "bubble that could deflate," says analyst

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Sat, 20 Aug 11 3:38 PM | 17 view(s)
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Gold a "bubble that could deflate," says analyst

KOVALAM, India (Reuters) - Record gold prices may be heading for a correction of about 8 percent next month, but the safe-haven metal may also rally to $2,400 an ounce next year as investors seek refuge amid global economic turmoil, a global head at INTL FCStone on Saturday.

Credit: Reuters/Giampiero Sposito

KOVALAM, India
Sat Aug 20, 2011 2:59am EDT

link-
http://www.reuters.com/article/2011/08/20/us-india-gold-prices-idUSTRE77J0FO20110820




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