Gold will probably top $2,000 an ounce by year-end amid surging investor demand, a Bloomberg survey showed. Prices will rise to a peak of $2,038 before Dec. 31, based on the average of 16 respondents in a Bloomberg survey at the London Bullion Market Association’s annual conference in Montreal. Next year, gold will peak at $2,268, according to the average in the survey.
Gold has surged 25 percent this year, touching a record $1,923.70 in New York on Sept. 6. The metal climbed as escalating debt woes in Europe and the prospect of faltering U.S. growth boosted demand.
Gold is in the 11th year of a bull market,…
Find out more at http://www.bloomberg.com/news/2011-09-19/gold-prices-to-top-2-000-this-year-on-confidence-crisis-survey-shows.html
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