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South African bank says gold to end above $6,000/oz this year
So how do your economic projections play against those of the experts? This was the subject of a fun “View from the Room” session at Standard Bank’s African Markets Conference at the Norval Foundation in Tokai, Cape Town, this week. Essentially, the 300 attendees were asked to vote on where they saw certain indicators heading – like the price of gold and US treasuries – as well as where the smart money will be made this year. It may not surprise you to learn that the audience, mostly bankers, were a little too conservative. Asked where they saw the gold price in a year’s time, for instance, the majority ... (full story)