Investment Demand to Drive Gold Price Up

Business Standard reported that some experts see gold prices topping $2000 by the end of 2011.

The market news is quoted as saying:

The investment demand in all combined forms is estimated to reach a new record of just over 1,000 tonnes in the second half of the current calendar year, as compared to 624 tonnes in the same period last year. Considering the average price of gold at $1,815 an oz, the overall value of investment demand should swell to $60 billion in the second half of 2011, as compared to $29 billion in the first half.

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