Renewed Investor Posted September 14, 2012 Share Posted September 14, 2012 "Inflation Risks Higher" After Fed Launches QE3, Analysts See Gold Hitting $1850-$1900 Link "WHOLESALE MARKET gold bullion prices held above $1770 an ounce for most of Friday morning's London trading, near their six-month highs hit after the US Federal Reserve announced a third round of quantitative easing (QE3) yesterday, leading to warnings that the risk of inflation has risen. "After the move [gold bullion] had, not just yesterday, but over the last two or three weeks I think it would be natural to look for a period of consolidation," says Credit Suisse analyst Tom Kendall in London. "But certainly going into the back end of this year, I would be looking for gold to be getting towards at least the $1850 level." " Quote Link to comment Share on other sites More sharing options...
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