Gold Could Hit $1,100/oz. : GFMS
Source: business-standard.com (4/9/08)
Widening gap between production and jewellery demand could lead to a strong rally in gold prices this year, according to the latest forecast by Gold Fields Mineral Services (GFMS).
The London-based consultancy projected that gold prices may hit the psychological barrier of $1,100 per ounce this year. Higher prices would largely be driven by existing issues including dollar weakness.