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Gold forecast $750 an ounce (Telegraph 1/17)
The majority of the world's top metal experts, 29 prophets polled by the London Bullion Market Association in its annual forecasting contest, think that gold will reach 25-year highs this year, surpassing the brief peak reached in the speculative surge last spring. Ross Norman, director of TheBullionDesk and winner of the last year's prize (a gold bar), said gold would reach $850 an ounce, up from the current price of $628. "We remain manifestly bullish for gold but this is the year that is going to separate the men from the boys because the old factors of supply-demand we all used to look at are no longer the real drivers," he said. Fifteen of the 29 analysts said gold would reach $750 an ounce or more this year...
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