Gold @ $700 By End of June!
Yukuji Sonoda, precious metals analyst at Daiichi Commodities, told Reuters, “I think this trend will continue,” “$700 is possible by the end of June.”
Sentiment turned bullish after gold broke a key resistance level of $650 an ounce last week and stayed above that level, triggering buying from investors who had sold the metal to cover losses after a recent selloff in global equities.
Traders say stable U.S. interest rates and the prospect of gold exchange-traded funds (ETFs) being traded on the Osaka and Tokoyo stock exchangeslater this year are bullish for gold.[tags]gold,spot gold price,gold trading,gold nuggets[/tags] Arizona gold
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I agree, and think we have a good probility of $1,000 gold by years end!
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