Golden chance on the cards

Townsville Bulletin - - Investor -

THE gold price could climb to a record $ US1600 an ounce this year if in­vest­ment de­mand re­mains strong amid sov­er­eign debt fears, a met­als con­sul­tancy says. Lon­don-based GFMS World Gold Ltd man­ag­ing di­rec­tor Paul Bur­ton said the gold price was likely to re­main strong this year. Gold, at about $ US1420 an ounce, is near­ing the re­cent all­time record of $ US1444 an ounce. ‘‘ We’re prob­a­bly go­ing to see the $ US1500 ( per oz mark) bro­ken and cer­tainly the $ US1600 mark is within range this year,’’ Mr Bur­ton said yes­ter­day. ‘‘ We’re still quite op­ti­mistic.’’

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