Tuesday, November 8, 2011

GOLD PRICES HIT HIGHEST LEVEL SINCE SEPTEMBER 21

Gold prices hit their highest level since September 21, 2011, on Monday.

Against a background of concern over Italy’s debt crisis, US gold climbed $35 and closed at $1,791.10 per ounce.

The Economic Times quoted analyst Hou Xinqiang saying that gold “should have no problem rising above $1,800 in the short term.

” JP Morgan analyst Michael Jansen, meanwhile, predicted that 2012 would see average gold prices of $1,869/ounce.

-Israeli Diamond News
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1 comment:

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