‘All that glitters is fear’ as $5,000 gold is now ‘increasingly inevitable’ – Societe Generale | Metals Mine

  • ‘All that glitters is fear’ as $5,000 gold is now ‘increasingly inevitable’ – Societe Generale

    From kitco.com

    With gold already trading over $4,100 on Monday afternoon following last week’s unprecedented break above $4,000 per ounce, even a conservative projection of the yellow metal’s medium-term investment demand suggests the price could reach $5,000 per ounce by the end of next year, according to commodity analysts at Societe Generale. In the French banking giant’s latest commodity research report published Monday, analysts said that the gold price appears poised to gain another $1,000 in relatively short order. “Last week, gold prices reached $4,042/oz, just $276/oz below our bullish $4,318/oz Q426 forecast we ... (full story)

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