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Barclays sets medium term gold target at $1840

Analysts at Barclays remain bullish on the price of gold and gold coins. The investment advisory firm issued a report last week saying gold near $1725 per ounce could see renewed buying to push the price of the precious metal well over over $1840 per ounce in the medium term. Gold closed last week at $1723 per ounce, making Barclay’s medium term prediction of $1840 per ounce a nearly seven percent expected gain.

According to other analysts, the threat of inflation and devaluation could push the price of gold and gold coins to even higher price levels.

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Posted by on Nov 23 2011. Filed under Gold predictions. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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