(Kitco News) - Gold prices have set a series of record nominal price highs in recent days and market watchers expect the yellow metal to continue to press higher. The continued economic uncertainties – whether it is public debt in the Western countries or inflation in emerging markets – combined with the Federal Reserve’s declaration to keep U.S. interest rates floating between zero and 25 basis points until mid-2013 make gold an attractive asset. This week several investment banks raised their forecast for gold prices. On Monday HSBC lifted its average price for 2011 to $1,590 an ounce and for 2012 to $1,625. Goldman Sachs raised their three, six and 12-month average price forecasts to...
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