PPP KINGDOM

PPP KINGDOM

JP MORGAN SAYS GOLD MAY JUMP TO $2,500/OZ BY YEAR END

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JPMorgan said on Monday (8/8/11)  it expects spot gold prices to climb to USD 2,500 an ounce or higher by year-end, on very high volatility, following the downgrade of US debt.

JPMorgan says gold may jump to $2,500/oz by year-end

The revised gold price estimate puts JPMorgan way above the consensus view of USD 1,602.58 an ounce in a Reuters poll on July 22.

http://www.moneycontrol.com/news/commodities/jpmorgan-says-gold-may-jump-to-362500oz-by-year-end_574415.html

On Monday (8/8/11), gold futures for December delivery rose $61.40 to settle at $1,713.20 after soaring to an all-time high of $1,721.90 an ounce at the Comex division of the New York Mercantile Exchange.

Best Regards,

FINANCIAL WARRIOR

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