Could gold hit $2,500?

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As concerns grow over the eurozone debt crisis, investors are looking again to precious metals. Neil Meader, analyst at GMFS, says in the event of extreme dollar weakness the gold price could hit $2,500 per ounce. The FT’s Daniel Garrahan reports on the outlook for gold and the other main precious metals.

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Source: Financial Times, November 7, 2011.

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1 comment to Could gold hit $2,500?

  • boatman

    well, its not ‘can it?’ but ‘when?’

    probly stays close to flat(tho maybe not initially), averaged out, on a eu fiasco(another ‘when?’) even as dollar would strengthen initially…..u know Ben has the helicopter warmed up…..usual FED hawk K-DAK:

    “Fed’s Kocherlakota says if financial panic develops in Europe, the Fed could respond with with accommodative policies.”…….heyyy-oooo

    gold movement will indicate how close it is to ultimately being the only safe haven.

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