Market Nuggets:LBMA Delegates See Gold at $1,406
in September 2011
in September 2011
Berlin—(Kitco News)--Delegates at the LBMA Precious Metals Conference forecasted a US$1406 gold price for September 2011, during an impromptu survey Monday. To kick-start the opening session of the conference, Stewart Murray, Chief Executive of the LBMA asked the room of 200 delegates to predict the yellow metal's price. The survey was a repeat exercise from last year's conference in Scotland. Delegates had predicted US$1181 gold for September 2010, the price at the time was US$1052. Comex gold was hovering around $1,300 Monday morning. The LBMA's conference is taking place in Berlin and concludes on Tuesday, September 28.
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