Newedge Sees Gold at $1,800 in 2011, Silver at $70 by March on Asia Demand

Bloomberg reported that Newedge USA LLC says demand for gold and silver will push prices to new records by the end of the year.

The market news is quoted as saying:

The gold forecast indicates a 13 percent rally from current levels. The metal climbed to a record $1,610.70 on July 19. The silver estimate means prices will jump 77 percent from yesterday’s closing price.

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