Thursday, 7 April 2011

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Gold prices may hit $2,100/ounce in 2014: Standard Chartered

  • Thursday, 7 April 2011
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  • LONDON: Gold's "super cycle" could see prices averaging $2,100 an ounce by 2014 and even approaching $5,000 later in the decade, Standard Chartered said in a report on Thursday, as demand rises in burgeoning Asian economies . Gold prices have risen from $265 an ounce in early 2001 to a record $1,461.90 an ounce this week, lifted in recent years by safe-haven buying linked to the credit crunch



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