Gold price forecast to soar 50 per cent up next year amid euro-zone uncertainties

Gold traders expect the price of gold to climb between 25 per cent to 50 per cent next year as a coming swarm of political uncertainties will lead investors to bet on the precious metal. Haywood Cheung Tak-hay, the honorary permanent president of the Chinese Gold and Silver Exchange Society, said that events so far this year had caused the per ounce price of gold to fluctuate between US$1,100 and US$1,377.

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