Gold News

Gold Prices could reach $2,000

Gold Prices could reach as high as $2,000 over the coming years, one industry expert has suggested.

Rajesh Mehta, chairman of the Bangalore-based Rajesh Exports Limited, believes that the current Gold Price could extend yet further, following the bullish activity recently seen in the market.

He said: "We may see $1,500 (per oz) … $2,000 (per oz) also in the next two to three years," according to the Economic Times.

Such bullish sentiment is shared by Fan Haibo, an analyst at Cinda Securities, who suggests that Gold Prices have still further to climb, thought unlike Mehta, a specific time period over which this might happen is not mentioned.

Haibo told China Daily: "We anticipate that the Gold Price will continue to rise steadily for a period of time and this will add luster to gold-related stocks on the domestic A-share market."

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