Gold price may reach above $1,600

In late afternoon Thursday trade on the London Bullion Market, gold rose to $1,381.35 an ounce from $1,378.75 late on Wednesday. Gold could hit record highs above $1,600 per ounce later this year, driven by low interest rates and stubborn concerns over the eurozone debt crisis, metals consultancy GFMS forecast on Thursday. ‘GFMS are expecting […]