Investment Demand Underpins Gold’s Push Toward $2,000/oz.
Source: Mining Weekly, Terence Creamer (9/15/11)
"There had been a 'sea change' in investor behavior."
Gold could push through the $2,000/oz. level by year-end on the back of strong investment demand, the latest Thomson Reuters GFMS Gold Survey 2011 Update states.
The report, the first to be prepared by the precious and base metals research consultancy since its acquisition by Thomson Reuters, was released on Thursday.
Thomson Reuters GFMS said that for 2011 there had been a "sea change" in investor behavior, which had precipitated the surge in investment.
The change was underpinned by an intensification of the sovereign debt crisis and deterioration in the prospects for the word economy during August. . .View Full Article