Reliance Sees Gold Rally Extending on Euro Crisis

Bloomberg reported that Europe’s debt crisis may spur gold to its best rally in nearly a century.

As quoted in the market news:

Bullion reached a record $1,921.15 in September as investors sought to diversify away from equities and some currencies amid the European debt crisis and signs of slowing economic growth. The metal may average $1,766 an ounce this year and trade as high as $2,055, according to a London Bullion Market Association survey of traders and analysts.

Click here to read the full Bloomberg report.