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Forecast: Price of gold may hit $1,800 / oz this year

Forecast: Price of gold may hit $1,800 / oz this year

04 July 2012 08:23 (UTC +04:00)

Baku â€“ APA-Economics. â€˜In the second half of this year we have to have to try pretty to achieve the 12th year of growth for the gold in 2012â€™, said Ole Hansen, head of commodity strategy at Saxo Bank, APA reports.

To him, after its strongest quarterly loss in the last eight years, price of gold rose only 2%.

Expert predicts currently an ounce of gold is below $1,500 / oz. But this figure is expected to reach $1,800 / oz later in 2012.

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