Gold Prices to Rise Through 2010

Despite record-smashing prices, world gold demand is expected to remain robust. That means consumers are adapting to higher gold prices. It also suggests that investors are still optimistic the yellow metal will reach its inflation-adjusted high of over $2,500 an ounce as world gold production levels remain stagnant. Some even say that gold could reach $8,000-$10,000 an ounce; that means at the current level of about $1,350 an ounce, the bull market might only be less than 14% complete. And in just a second, I’ll tell you exactly how to squeeze the most from your gold investments in this bull market… World gold demand to remain strong through 2010 The global demand for gold is expected to remain vigorous throughout the rest of the year for three key reasons: Robust demand for gold jewelry in Asian markets; Strong gold investment demand as a result of economic and paper currency concerns. Heavy industrial gold demand for consumer electronics; and Gold jewelry demand is expected to increase approximately 11% this year despite record-breaking prices, lead by buying in India. In fact the demand for gold jewelry in India during the first three quarters of this year have already exceeded last year’s level. And the fourth quarter will offer seasonal support as Indians celebrate the traditional gold-buying festivals of Diwali and Dhanteras. Robust jewelry sales demonstrate the fact that consumers are becoming accustomed to higher price ranges. This could mean a new long-term price floor for gold above $1,000 an ounce. Increasing demand for gold for industrial applications also indicates a new price floor for gold. Industrial gold demand has returned to long-term trend levels and is expected to remain strong as economic growth …

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Gold Prices to Rise Through 2010

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