Jim Rickards : US and Iran's war will stimulate oil and gold prices - News - Dukascopy Bank

Thu, 05 Jan 2012 07:03:41 GMT
Source: Commodityonline
 
© Scanpix/Reuters

Crude oil and gold prices are likely to surge soon on the US-Iran war, claims Jim Rickards. He says the war has been started as tensions and sabotage between two countries reached a peak. The price for crude oil is likely to soar to above $200 a barrel while gold will jump to a range between $3000/oz and $5000/oz in 2012. Hedge funds as Bridgewater also see gold's potential and are positions long for the yellow metal this year, he added.


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