Gold heading to the heavens

THE rampaging gold price could peak at $US600 ($A838) per ounce by the end of the week as investment funds snap up the precious metal instead of US bonds, according to a number of analysts.

Gold heading to the heavens Gold heading to the heavens Gold heading to the heavens Gold heading to the heavens Gold heading to the heavens

“It’s going to $US600/oz,” an analyst from Commodity Warrants Australia told Bloomberg. “People are piling in. People will make money even if they buy at these levels.

loader