Gold rush is likely to continue

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/Reuters

Morgan Stanley reported today that gold futures are likely to be top gainer among all the commodities. As European turmoil continues investors tend to buy more yellow metal in order to save their wealth. There is a chance the gold price will set a historically high level in next years, said Peter Richardson, chief metals economist at Morgan Stanley Australia Ltd. Gold may achieve USD 2,200 an ounce in 2011, he added.

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