In mid-June prices for 1oz Gold was for the first time over 1250 USD. Then prices started to fall until the end of July. Since then prices have been going back up. Will the price for 1oz of gold top 1250 and go higher?
I've read mixed reports from different analysts. Some say that gold will be going as high as 1300 USD this year. It may be true since recovery has been slow in some countries and other large economies like the US have been reporting slower growth than expected.
Is gold going to reach the 1300 USD levels this year? If global recovery slows down or takes a turn for the worst and private investors looking for save investments turn to gold then I would say yes.
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