Wall Street Journal: Gold Set for Fresh Highs in 2011

Gold bulls say the price of the precious metal is set to reach fresh highs early in the new year, on mounting inflation fears fueled by loose U.S. and euro-zone monetary policies.

With central-bank purchases and Chinese imports emerging to support gains, analysts and traders say they expect the metal to quickly surpass $1,500 a troy ounce, reaching as high as $1,700 an ounce—or even $2,000, according to forecasts by some of the industry’s more bullish participants—before the tide turns slightly in 2012.

The gold market has put in a solid performance in 2010, benefiting largely from sovereign-debt troubles…

http://online.wsj.com/article/SB10001424052970203525404576049621759066288.html

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