Tuesday, February 21, 2012

$2,000 Gold by April amid “Continual Growing of Demand”

The price of gold is likely to reach a new all-time record nominal high of
$2,000 per ounce by April of this year, according to Huntington Asset Advisors
Peter Sorrentino. In a recent Bloomberg interview, Sorrentino a senior fund
manager at Huntington discussed his bullish short-term outlook for the yellow
metal. Gold had a very substantial run early last year and has gone through a
corrective phase, he noted.

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