Gold may hit $1000 in 2008
Thursday, February 14 - 2008 at 07:22
Golf may hit $1000 an ounce in 2008 due to inflation fears, global tensions and a further weakening of the dollar, reported Khaleej Times, citing leading global metals and commodity analysts. The analysts said the market is in a corrective phase at the moment, and will be volatile for the short term. However, over the long term, the the market is expected to find a level where support from physical demand will encourage investors to re-enter the market.
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Jeff Florian, Senior ReporterThursday, February 14 - 2008 at 07:22 UAE local time (GMT+4)
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