GFMS: Gold price to firm to US$282/oz

GOLD is expected to firm to US$282 an ounce in the first half of 2002, with higher investment and a cut in producer hedging offsetting a fall in demand for jewellery and electronics, Gold Fields Minerals Services said in a report released overnight.

GFMS: Gold price to firm to US$282/oz GFMS: Gold price to firm to US$282/oz GFMS: Gold price to firm to US$282/oz GFMS: Gold price to firm to US$282/oz GFMS: Gold price to firm to US$282/oz

GFMS, a London-based commodity research and consulting firm, said the first half average would be above the second half of 2001 average of US$276.

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