Gold News

Gold Prices to hit record levels in 2010?

Gold Prices could go on to reach record levels later this year, a leading commodities expert has suggested.

Philip Klapwijk, chairman of metals consultancy GFMS, believes that the bull run of the last decade could reach its peak at some point this year, with Gold Prices expected to rise, according to City AM.

He told the news provider: "By the end of this year, we believe prices will be near the $1,300 mark."

Investors are also bullish about the future of the precious metal, with Barclays Capital revealing that such sentiment in on the rise, according to Reuters.

The group said in a note seen by the news provider: "While unwinding its recent overbought momentum readings on daily charts, bullish sentiment for gold is increasing."

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