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$1,200 Forecast

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$1,200 Forecast

Post by takeshitsai on Wed Apr 23, 2008 10:54 pm

Gold may rise to a record $1,200 this year on demand for a hedge against credit-market turmoil, while output by mining companies trails consumption, London-based researcher GFMS Ltd. said today in a report. ``We're looking at a peak of $1,100 to $1,200,'' GFMS Executive Chairman Philip Klapwijk said. ``It's more likely that 2009 rather than 2008 will be the peak for gold.''
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