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Gold price in Australia: Expert says price could soar to $US3000/oz – NEWS.com.au
Economic uncertainty drives gold price to record levels
The gold price is expected to keep soaring as the factors driving it higher wont likely change any time soon, with one analyst tipping it could hit $US3000 an ounce.Investors set the price on a more or less steady upward trajectory when the global financial crisis hit in 2007-08 and it peaked in September 2011 at over $US1800 an ounce.
The price of the safe haven asset only returned to those levels in July and has risen about 15 per cent in the past month, fetching more than $US2060 an ounce on…
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