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<Commodity>Bank of Singapore Raises 12-Mth Gold Price Forecast to US$4,600
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The recent proliferation in gold prices may reflect concerns about the safety of fiat currencies as a savings tool, a research report by a Bank of Singapore indicated. This round of surge in gold prices may be too abrupt, but concerns about the fiscal sustainability and central bank independence of the G10 are expected to persist into next year. Therefore, it is still hard to tell whether gold prices will peak and ebb in the short term. The bank raised its 12-month gold price forecast to US$4,600/ oz. AASTOCKS Financial News Website: www.aastocks.com |
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