Gold News

SDJB: Gold Prices will rally again

An industry insider has revealed that he expects Gold Prices to rally once again this year, following the temporary stagnation of prices at the end of 2009.

Carl Blackburn, owner of San Diego Jewelry Buyers (SDJB), revealed to reporter Sasha Foo that he envisages a positive future for Gold Prices.

He said: "In early December we saw the price of gold break the $1,200 an ounce barrier, and ever since then it’s been fluctuating around the $1,100 range.

"The price is now starting to spike, and we may just see it breaking the $1,200 mark again soon."

The veracity of Mr Blackburn's predictions, along with the future successes of the rest of the commodities sector, will be dependent on the productivity of global gold mines.

Speaking to the CanWest News Service, Randy Hawes, British Columbia's minister of state for mining, revealed that 2010 had promise.

He said: "Exploration activity rallied very late in the year as a result of high copper and gold prices, and there is lots of reason to be optimistic for 2010."

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