Investors to Chase Gold and Currencies for Next Six Months
Source: Professional Adviser Singapore, Heidi Lee (9/8/11)
"Gold and currencies are likely to retain their 'safe heaven' position in the next six months."
Gold and currencies are likely to retain their 'safe heaven' position in the next six months under the continuing market turbulence, according to Richard Jerram, chief economist at Bank of Singapore.
He forecasts gold prices are likely to hit another new high by reaching $2,100 per ounce over the next six months. He explained the ongoing debt issues in the developed economies are still driving up risk aversion sentiment globally while expecting investors will continue to invest in gold. . .View Full Article