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BY RHIANNON HOYLE
LONDON—The price of gold is expected to break $1,600 a troy ounce before the end of 2011, supported by loose monetary policy and concerns over the stability of the economic recovery in developed economies, independent metals consultancy GFMS Ltd. said Wednesday.
In its Gold Survey 2011, GFMS said fears the market may be approaching a turning point are "still premature," with growing evidence that buyers are adjusting to higher prices.
"There is a higher starting ...
source: http://online.wsj.com
Posted in: Market
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