Tuesday, November 3, 2009

London Bullion Conference delegates see gold hitting $1,181.30 one year from now (GLD; XAU)

Well that seems rather specific.
From Reuters via Mineweb:

Delegates at the London Bullion Market Association annual conference expect to see gold prices XAU= at $1,181.30 an ounce in 12 months' time, a poll conducted by the conference organisers showed.

Around 370 traders, analysts, miners, central bankers and others are attending the conference in Scotland, which concludes later on Tuesday.

Spot gold's current record high is $1,070.40 an ounce, reached in October and the metal traded around $1,062 an ounce on Tuesday afternoon....MORE