Gold to surpass $2,000 by next year, industry predicts

The gold market is revving up to reach new record highs in excess of $2,000 (U.S.) an ounce in the next year, according to the average forecast of bankers, traders and investors at the gold industry’s largest annual gathering. The bullish prediction, if correct, suggests that the gold bull market remains intact, despite having already gained almost 30 per cent this year and 600 per cent over the past decade. The widespread optimism at the London Bullion Market Association conference in Montreal, the largest gathering of the gold industry,