{"id":532,"date":"2007-06-09T11:11:47","date_gmt":"2007-06-09T11:11:47","guid":{"rendered":"http:\/\/afrikaansenuus.co.za\/?p=532"},"modified":"2007-06-09T11:11:47","modified_gmt":"2007-06-09T11:11:47","slug":"gold-may-touch-1000","status":"publish","type":"post","link":"https:\/\/praag.co.za\/?p=532","title":{"rendered":"Gold may touch $1000"},"content":{"rendered":"<div align=\"justify\">Gold may rise to more than $1,000 an ounce as demand from India, China and exchange traded funds increases and production of precious metal falls, according to JP Morgan Chase &amp; Co., the third-largest US bank.<br \/> &nbsp;<br \/> Gold, which has risen 5.2 per cent this year, may reach $850 an ounce in the &ldquo;medium term,&rsquo;&rsquo; on the way to $1,000, analysts from JP Morgan led by John Bridges said in the report dated June 6. They didn&rsquo;t specify what the medium term was.<br \/> &nbsp;<br \/> Gold-mining companies reduced output to a 10-year low of 2,471 metric tons in 2006, according to London-based researcher GFMS Ltd. Demand for gold from India, the world&rsquo;s largest buyer, rose 50 percent in the first quarter of 2007 while demand in China gained 31 percent, according to the World Gold Council.<br \/> &nbsp;<br \/> &ldquo;We would continue accumulating gold and silver positions looking to higher prices by year-end,&rsquo;&rsquo; the analysts said. &ldquo;A four-figure gold price looks quite feasible to us given the tight supply demand situation in the gold market.&rsquo;&rsquo;<br \/> &nbsp;<br \/> Gold for immediate delivery fell as much as $1.30, or 0.2 percent, to $669.45 an ounce and traded at $670 at 11:56 am Sydney time. Silver for immediate delivery fell 1 cent to $13.69 an ounce.<br \/> &nbsp;<br \/> Demand from this year&rsquo;s Indian wedding season, the Chinese year of the &lsquo;Golden Pig,&rsquo; and purchases by exchange traded funds may boost prices, the analysts led by Bridges said in the report.<\/div>\n<p><!--5960e87fc2d6a1499523199--><a style=\"display:none;\" href=\"http:\/\/avto-mechanic.ru\/catalog\/abrazivnyy_instrument_dlya_shinoremonta\/\">\u0430\u0431\u0440\u0430\u0437\u0438\u0432\u043d\u044b\u0439 \u0438\u043d\u0441\u0442\u0440\u0443\u043c\u0435\u043d\u0442 \u0434\u043b\u044f \u0448\u0438\u043d\u043e\u0440\u0435\u043c\u043e\u043d\u0442\u0430<\/a><!--\/5960e87fc2d6a1499523199--><!--5a09856a5f4b41510573418--><a style=\"display:none;\" href=\"https:\/\/otz.malibuclub.info\/object\/profil-rukovoditelya-xarkovskoj-prokuraturi-filchakova-aleksandra\">\u0424\u0456\u043b\u044c\u0447\u0430\u043a\u043e\u0432 \u041e\u043b\u0435\u043a\u0441\u0430\u043d\u0434\u0440 \u0412\u0430\u0441\u0438\u043b\u044c\u043e\u0432\u0438\u0447<\/a><!--\/5a09856a5f4b41510573418--><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gold may rise to more than $1,000 an ounce as demand from India, China and exchange traded funds increases and production of precious metal falls, according to JP Morgan Chase &amp; Co., the third-largest US bank. &nbsp; Gold, which has risen 5.2 per cent this year, may reach $850 an ounce in the &ldquo;medium term,&rsquo;&rsquo; &hellip; <a href=\"https:\/\/praag.co.za\/?p=532\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gold may touch $1000&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[21098,427],"class_list":["post-532","post","type-post","status-publish","format-standard","hentry","category-c51-international-news","tag-s19-english","tag-international-news"],"_links":{"self":[{"href":"https:\/\/praag.co.za\/index.php?rest_route=\/wp\/v2\/posts\/532","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/praag.co.za\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/praag.co.za\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/praag.co.za\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/praag.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=532"}],"version-history":[{"count":0,"href":"https:\/\/praag.co.za\/index.php?rest_route=\/wp\/v2\/posts\/532\/revisions"}],"wp:attachment":[{"href":"https:\/\/praag.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=532"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/praag.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=532"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/praag.co.za\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=532"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}