Gold Price Over $700 By Year End!

Gold prices may peak in the first half next year driven by rising demand for luxury goods in India and China, according to Westpac Banking Corp. Gold for immediate delivery may trade above $700 an ounce at the end of this year, Huw McKay, senior international economist at Sydney-based Westpac, said in an interview May 17. Gold has averaged $659.34 so far this year after reaching a 26-year high of $730.40 last May.[tags] gold, spot gold price, gold nuggets, gold mining, gold prospecting, gold hunting[/tags] San Diego hotels