7 Days in Dubai - - BUSINESS -

Gold prices could hit a three­year high by the end of this year as in­vestors plough their cash into re­li­able op­tions. Hedge funds boosted their bets on price gains for bul­lion to an all-time high just two days be­fore UK vot­ers took to the polls, said Bloomberg. Gold fu­tures climbed to a two-year high af­ter the ref­er­en­dum, and Bloomberg re­ported that prices could jump an­other 7.7 per cent by the end of the year. Prices could reach as high as $1,424 by the end of 2016, ac­cord­ing to the me­dian of 12 fore­casts in a sur­vey of an­a­lysts and traders from New York to Lon­don.

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