Gold News

Gold 'back up to $1,000 by year-end'

Gold prices will be back up to the record-breaking levels last seen in March by the end of 2008.

This is according to Tom Kendall, an analyst at Mitsibushi International, a company that trades in various products including base and precious metals.

He said gold bullion is gaining support from investors looking for decreased risk.

"Equity investors are not happy and risk aversion is on the rise again. I think [gold] will hit $1,000 by the end of this year almost certainly and quite possibly by the end of this month. There are a lot of investors looking at gold not as a no-risk asset but as a low risk asset," he commented.

Gold price analysts have continued to show optimism that prices will rise back to $1,000 since the level was reached in March, citing factors such as a decrease in output from mines, rising crude oil prices and the declining dollar as supporting factors.

How best to Buy Gold today? "If there's an easier route to buying investment gold, I have not found it," says one BullionVault customer. Find out for yourself and start Investing in Gold here…


See all articles by Gold Bug here.

Please Note: All articles published here are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it. Please review our Terms & Conditions for accessing Gold News.

Follow Us

Facebook Youtube Twitter LinkedIn



Market Fundamentals