GFMS: Gold Price To Rise On Growth Of Investor Interest
Source: Mineweb.com (1/18/07)
According to Mineweb.com, FMS Ltd, in its second (January 2007) update to the Gold Survey 2006, believes that the gold price should track higher over the coming months and that investment activity would be the prime driver of any such rally.
With respect to absolute price levels, he noted that “we should be seeing prices getting into the $670s in the first half, although it is less certain we will see the recent high of $725 surpassed. That could still occur, maybe further into the year or possibly in 2008, especially if the situation in the Middle East deteriorates significantly, driving prices higher”.