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GFMS sees gold at about $1,620 in Q4

Gold should reach around USD 1,620 an ounce, and silver about USD 50 an ounce in the fourth quarter, metals consultancy GFMS research director Neil Meader said on Tuesday.

June 14, 2011 / 04:24 PM IST

Gold should reach around USD 1,620 an ounce, and silver about USD 50 an ounce in the fourth quarter, metals consultancy GFMS research director Neil Meader said on Tuesday.


"After the summer lull we should start to see a firming in the price of gold and silver," Meader told Reuters on the sidelines of a conference in Milan. "The two (metals) should broadly follow one another."

Spot gold was bid at USD 1,518.60 an ounce at 0940 GMT compared with USD 1,514.73 late in New York on Monday. Silver was at USD 35.01 from USD 34.69.

first published: Jun 14, 2011 04:20 pm

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