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Gold Set For New Highs In 2011

Gold enthusiasts say the price of the precious metal is set to reach fresh highs early in the New Year, on mounting inflation fears fueled by loose U.S. and euro-zone monetary policies.
Because of central-bank purchases and Chinese imports emerging to support gains, gold analysts and traders say they expect the metal to quickly surpass $1,500 a troy ounce, reaching as high as $1,700 an ounce—or even $2,000, according to forecasts by some of the industry’s more bullish participants—before the tide turns slightly in 2012.
Gold has been a solid performance in 2010, benefiting largely from sovereign-debt troubles sovereign-debt troubles in the euro zone and the anticipation of extended monetary stimulus in the U.S

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