Klapwik Sees Gold Price Averaging $1800 in 2012

Mineweb reported that Philip Klapwik spoke about why gold prices will average at least $1800 this year.

As quoted in the market news:

Overall, he was positive relating to [gold’s] price prospects this year.  However, he did comment that there was the possibility that the price might yet test $1,600 on the downside before peaking perhaps at around $2,000 and averaging $1,800 over the year.

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