Gold to hit $2,000 by year end: Capital Economics
August 17, 2012, 1:27 PM
blogs.marketwatch.com
Gold prices have had a less-than-stellar performance, up less than 3% this year and on track for their smallest yearly percentage gain since 2001, according to data from FactSet.
Demand from China and India, the world’s two largest gold consumers, has been “usually weak in recent months,” acknowledges Ross Strachan, commodities economist at Capital Economics said.
“However, we expect another escalation of the euro-zone crisis to spark strong safe haven flows for gold and think Chinese demand will recover. As aresult, we continue to expect the price of gold to rise from around $1,620 per oz. now to $2,000 by the end of this year.,” Strachan said in a note.
http://blogs.marketwatch.com/thetell/2012/08/17/gold-to-hit-2000-by-year-end-capital-economics/
Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months
| 