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$1800 or $1900 gold, $70 silver this year - experts' views
Bullish predictions for gold and silver from New York and London citing debt issues and burgeoning demand in India and China in particular

Author: Yi Tian and Debarati Roy
Posted: Thursday , 21 Jul 2011

NEW YORK (Bloomberg) -


$1800 or $1900 gold, $70 silver this year - experts' views

Yi Tian and Debarati Roy

Bullish predictions for gold and silver from New York and London citing debt issues and burgeoning demand in India and China in particular

NEW YORK (Bloomberg)

Gold prices will surge to $1,800 an ounce by the end of this year, and silver will soar to $70 an ounce by March as physical demand climbs in Asia and investors seek a haven asset, Newedge USA LLC said.

"Gold is an excellent hedge in troubled times" as European and the U.S. leaders struggle to resolve debt woes, Mike Frawley, the global head of metals, said yesterday in an interview in New York. Demand for gold and silver will be "very strong long-term from Asia, and the economic trend in the West is improving," he said. ...

Gold will climb to $1,900 by October, John Taylor, the founder of FX Concepts LLC in New York, the world's largest currency hedge fund, said yesterday in an interview in London. His firm manages $8 billion.....