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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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Tags: Gold analysis, gold forecast, Gold future prices, Gold futures, Gold investment, Gold news, Gold price, gold price 2012, gold price forecast, Gold prices, price of gold, Spot gold, Spot gold price
Posted by admin
on Nov 23 2011. Filed under Gold predictions.
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