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Pan American Metals of Miami says Gold Slated to Return to $1700
- Pan American Metals of Miami says Gold Slated to Return to $1700
- October 10, 2011
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Gold prices buoyed by European crisis.
MIAMI, FL - The outlook for gold remains very positive for this week with the vast majority of analysts predicting a rise in price due to the ongoing debt crisis in Europe. The continuing sovereign debt crisis should be bullish for gold based on safe-haven demand as long as Europe doesn't slide into recession, which would mean that inflation was no longer a concern. Those analysts who predict stronger prices for gold this week suggest targets of $1700 or above.
"The European situation is at t...
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