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Gold to touch US$1,200 by end Dec: Suresh Hundia

This article was posted on Sep 7, 2009 and is filed under Commodity Views

International gold prices may touch US$1,200 an ounce by the end of December, 2009

Suresh Hundia, president of the Bombay Bullion Association, said that investment demands by gold exchange-traded funds and China buying more gold reserves will help achieve this target.

Gold steadied below US$990 an ounce on September 4, consolidating a potent two-day rally that took the market to within a whisker of US$1,000, with inflation concerns and screaming meemies over stock market gains stoking investor interest. International gold prices may touch US$1,200 an ounce by the end of December, 2009.

source: Indiainfoline

Tags: 200, buy gold, buy or sell gold, expert views on gold, Gold at 1, Gold levels, gold price in india, live commodity rates, news on gold, Suresh Hundia tips

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