Gold Could Reach $2,200/oz: ScotiaMocatta

Mineweb reported that ScotiaMocatta, in their November 2012 Precious Metals Forecast, stated that gold could go as high as $2,200/oz.

As quoted in the market report:

In their analysis, ScotiaMocatta acknowledged, “There remain a multitude of factors influencing the gold price, but one of the main reasons we are still bullish is because of the mess the Western world is in.

To view the whole Mineweb report, click here.