Gold to rise in long term
Thursday, April 17 - 2008 at 09:12
Gold will continue to rally in the long run on demand in the Middle East, India, China, and Russia, while short-term gains are 'difficult' because of a drop in fabrication demand, according to a Citigroup analyst. John Hill said the factors that have boosted gold for the past five years are intact, and perhaps intensifying. He added that gold may double from its current price beyond 2010, as investors seek a hedge against inflation, reported Bloomberg.
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Jeff Florian, Senior ReporterThursday, April 17 - 2008 at 09:12 UAE local time (GMT+4)
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