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Gold Demand Soars On Fears Of European Debt Defaults

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11/11/11 03:31
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Gold Demand Soars On Fears Of European Debt Defaults

Thank author of this post/commentAfter a sharp September price correction, gold is on track to hit all time highs. According to a Bloomberg survey, 80% of the forecasters with the most accurate track records are predicting that gold will reach $1,950 by the end of the first quarter. Investors world wide are fleeing paper currencies as the threat of debt defaults spread across Europe.

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• bonds • equities • trading • fears • gold investors • buy signal • gold bubble • gold price • technical indicators • stock markets • futures trading • hedge funds • debt crisis • gold traders • government debt • interest rates • paper currencies • price correction • gold demand •
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