Billionaire investors George Soros and John Paulson
increased their stakes in the SPDR Gold Trust, the biggest gold- backed
exchange-traded product, during the second quarter, filings showed, while
central banks from Russia to South Korea
are also adding bullion to reserves. Central banks may purchase close
to 500 tons this year after becoming net buyers in 2009, according to
the World Gold Council.
Bank of America thinks gold may reach 2400$ by 2014 on fed easing with deutche bank predicting 2000$ within first half of next year. More here
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