Gold Price July 2011

The gold price target for July 2011 is set at $1,550 p/oz, this target may even be reached in June 2011, it will be dependent on which direction the events in the Middle East turn. An unstable Middle East in the short term could see the gold price hit the target sooner, well as early as the first weeks of June.
Gold has continued is run throughout the first weeks of April and once it has hit the April target of $1,500, gold may take settle in at an idle pace for the month of May 2011, as gold investors comes to grips with the physiological $1,500 barrier. Any further unsettling in the Middle East during this period, and we could see gold break out much further, but a price in excess of $1,550 p/oz won’t happen until early June at best.
So sit back and take a seat, buy on the dips and secure you wealth in gold for the long term.

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source : http://www.easygoldinvestment.com/gold-price-july-2011.html