GOLD PREDICTED TO BREAK RECORD HIGH
Gold prices and gold equities are likely to enjoy another three to five years of solid growth, according to RBC Capital Markets, which hosts its annual gold mining conference in London today.
Stephen Walker, director of global mining research at RBC, will tell the conference that the summer correction in gold prices has run its course. Bullion will test this May's 26-year high of $725 a troy ounce early next year, during the period of higher jewellery demand from India, he will say.
In 2007, investor appetite for gold and other base metals is expected to be lifted by rising global liquidity as the Federal Reserve cuts interest rates in response to slowing US economic growth.
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The expansion of the middle classes in China, India and the Middle East is having a positive impact on demand, ending an extended period of de-stocking by jewellery manufacturers.
预期：金价将稳步上涨
加拿大皇家银行资本市场部(RBC Capital Markets)预计，未来3至5年，黄金和黄金类股的价格可能还将稳步上涨。该机构今日将在伦敦主持一年一度的金矿业研讨会。
加拿大皇家银行全球矿业研究主管斯蒂芬?沃克(Stephen Walker)将在此次研讨会上表示，今年夏天出现的金价调整已经结束。他预计，由于印度的珠宝需求目前正处于上升期，黄金价格将于明年初上探今年5月创下的每盎司725美元的26年高点。
2007年，随着美国经济增长放缓，预计美联储(Fed)将会采取降息措施，从而增加全球市场的流动性，进而提高投资者对黄金和其它基础金属的需求。
中国、印度和中东地区的中产阶级规模不断壮大，对黄金需求具有积极影响，结束了珠宝制造商持续多年的削减进货行为。
