INDEPENDENT VIEWPOINT

Analysts to set new gold price targets for end - 2010

As gold closes in on $1300 traders may soon be updating their 2010 price targets to a still conservative $1,350 an ounce

Author: Aaron Smith
Posted: Friday , 24 Sep 2010

NEW YORK (CNNMoney.com) - 

Gold prices continued their record run Wednesday, reaching a new high that was just shy of $1,300 an ounce.

Gold futures for December delivery touched an intraday peak of $1,298 an ounce - a record high - in early trading.

Then they backed off their peak to settle at $1,292.10, an increase of $17.80 per ounce, or up 1.4%, from the day before. That was a record settlement, breaking the prior closing record from Sept. 20, when the precious metal settled at $1,280.80 an ounce....

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