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Gold to fall in near-term, will see $2000/oz by '12: Nomura

According to Anthony Morris of Nomura Intl, the fall in gold is due to massive selling by hedge funds to cover their losses in other markets. However, he believes that it may reach USD 2,000 per ounce by 2012.

September 27, 2011 / 14:52 IST
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After touching its lifetime high of USD 1921 per ounce, gold fell by almost 20% to USD 1532 per ounce, a level it hasn

TAGS: #Commodities #Gold #Nomura International Plc #silver
first published: Sep 27, 2011 12:05 pm

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