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Gold Miners Look Beyond Fed Hikes to Predict $1,800 Comeback

  • Survey at Denver Gold Forum signals optimism for higher prices
  • World Gold Council’s Cavatoni sees ‘bumpy ride’ until year end
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Gold Won't Go Much Lower: World Gold Council CEO
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Not even the most hawkish Federal Reserve in decades can beat down the exuberance of gold enthusiasts at the industry’s biggest annual gathering.

Bullion prices will reach $1,806.10 an ounce by year end, according to the average estimate in a survey of 10 participants at the Denver Gold Forum, the yearly meetup of mining executives, investors, bankers and analysts. The forecast is 7.8% above Monday’s spot closing price. The last time gold settled that high was at the beginning of July.