Gold surged to record highs on Friday as investors reached for the safety of gold amid a worsening economic outlook for the U.S. and concern about the health of Europe's banks. Disappointing U.S. manufacturing and housing data fuelled worries that growth in American economy has stalled. The uncertainty in the global economy would likely boost the prices of bullion further,to $2000 an ounce in the end of this year.
By
M.Zohaib Gadit
Forex Trading Consultant
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