Report: Gold prices could hit $1,500
Bad news for American jewelry makers.
Report: Gold prices could hit $1,500
May 13, 2010
New York—Gold prices, which touched a new high of $1,249 an ounce Thursday, are expected to head northwards on a “medium-term basis,” reaching $1,338 to $1,550 levels, according to reports from Kitco and ScotiaMocatta, the global bullion banking division of the Bank of Nova Scotia.